Abstract
The potential for market failure resulting from under-investment in research is one justification for public agricultural research. This justification seems less germane given recent developments regarding intellectual property protection and the size of private biotechnology firms. This article explores an alternative justification for public support of biotechnology research in agriculture.
| Original language | English (US) |
|---|---|
| Pages (from-to) | 33-36 |
| Number of pages | 4 |
| Journal | AgBioForum |
| Volume | 2 |
| Issue number | 1 |
| State | Published - 1999 |
Keywords
- Biotechnology
- Innovation
- Market failure
- Public research support
ASJC Scopus subject areas
- Biotechnology
- Food Science
- Agronomy and Crop Science
- Economics and Econometrics