Intellectual Property Rights And Concentration In Agricultural Biotechnology
AgBio Forum / The Journal of Agrobiotechnology Management & Economics
by William Lesser (Cornell University)
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The relationships between intellectual property rights (IPRs) and structural change are examined in this paper. Intellectual property rights are a complex, multifaceted area and one in which corporate strategies are poorly understood. Nevertheless, it is argued here that IPRs can affect firm entry, can make vertical integration in downstream industries more or less necessary, and can create financial incentives for downstream mergers and acquisitions. Hence, IPRs can have significant structural impacts.
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