Gains to Research in the Presence of Intellectual Property Rights and Research Subsidies

Posted: 6 Jul 2004

See all articles by Stavroula Malla

Stavroula Malla

University of Lethbridge

Richard Gray

University of Saskatchewan

Peter W.B. Phillips

University of Saskatchewan

Abstract

The influx of private investment into crop research, which has accompanied the establishment of intellectual property rights (IPRs) and the introduction of biotechnology, suggests high rates of return. However, the empirical analysis of the canola research sector shows a decline in the total net return to research during a period of increased investment, indicating that net marginal returns to research have been negative. The indication of immiserizing research suggests that the combined effect of IPRs and public incentives has driven the quantity of research beyond the socially optimal level.

Suggested Citation

Malla, Stavroula and Gray, Richard and Phillips, Peter W.B., Gains to Research in the Presence of Intellectual Property Rights and Research Subsidies. Available at SSRN: https://ssrn.com/abstract=548085

Stavroula Malla (Contact Author)

University of Lethbridge ( email )

4401 University Drive
Lethbridge, Alberta T1K 3M4
Canada

Richard Gray

University of Saskatchewan ( email )

College of Education
Saskatoon, Saskatchewan S7N 5A7
Canada

Peter W.B. Phillips

University of Saskatchewan ( email )

College of Education
Saskatoon, Saskatchewan S7N 5A7
Canada

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