期刊名称:Journal of Agricultural and Resource Economics
印刷版ISSN:1068-5502
出版年度:2019
卷号:44
期号:1
页码:1-15
出版社:WAEA
摘要:Innovation in agricultural biotechnology seed products can be characterized as a non-drasticinnovative process with product differentiation. We model this innovation and examine thepricing and purchase decisions for experimental use licensing. In equilibrium, a technologicallyadvantaged firm will purchase a license, while a technologically disadvantaged firm will not. Thisis the case regardless of the order of pricing decisions.