Work

Monopoly Power, Price Discrimination, and Access to Biotechnology Innovations

Year: 2005

Type: article

Abstract: Price discrimination and monopoly power in the provision of an intellectual property (IP) protected innovation are analyzed. A general analytical model parameterized with data from the US introduction of Bt cotton is used to examine welfare transfers from the imposition of price discrimination. When two markets are being served under a one-price policy, total welfare increases from price discrimination because monopolist gains exceed farmer losses. If only one market is being served under a one-price policy, farmers in the new market and the innovator gain, while farmer welfare in the existing market is unchanged.

Source: MOspace Institutional Repository (University of Missouri)

Authors: Albert K. A. Acquaye, Greg Traxler

Language: English

Topic: Genetically Modified Organisms Research

Subfield: Plant Science

Field: Agricultural and Biological Sciences

Domain: Life Sciences

SDG: Zero hunger

Open Access status: green

OpenAlex ID: W2116863139

FWCI: 2.51

Cites: 17

Cited by: 13

Related to: 10