BIODISCOVERY AND INTELLECTUAL PROPERTY RIGHTS: A DYNAMIC APPROACH TO ECONOMIC EFFICIENCY

Tom Dedeurwaerdere, Vijesh Krishna and Unai Pascual

No 31928, Environmental Economy and Policy Research Discussion Papers from University of Cambridge, Department of Land Economy

Abstract: This paper examines the use the use of economic incentives for knowledge generation through biodiscovery, in the particular case of the use of a highly valuable biogenetic resource stock from the South for industrial/research input. The focus is on a dynamic approach to contracting and property rights building upon insights from institutional and ecological economics. Two important conclusions come out of this analysis. First, it highlights the necessity to go beyond standard market approaches to economic valuation in order to address the issues of future possibilities of use and innovation and the integration of the different stages in the process of value creation. Second, it shows the necessity of developing alternatives to the current intellectual property rights regime, including systems for appropriate protection of the traditional knowledge of local communities.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Pages: 23
Date: 2005
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://ageconsearch.umn.edu/record/31928/files/dp050013.pdf (application/pdf)

Related works:
Working Paper: Biodiscovery and Intellectual Property Rights: A Dynamic Approach to Economic Efficiency (2005)
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ags:ucamdp:31928

DOI: 10.22004/ag.econ.31928

Access Statistics for this paper

More papers in Environmental Economy and Policy Research Discussion Papers from University of Cambridge, Department of Land Economy Contact information at EDIRC.
Bibliographic data for series maintained by AgEcon Search ().