Subscription or Fee Access
Economics of Intellectual Property Rights (IPR) for Genetic Resources: North-South Cooperation in Sequential R and D
This paper analyzes the interaction between North (technology rich and gene poor) and South (gene rich but technology poor) in relation to bioprospecting in the life sciences industries. This sector is modeled as a vertical industry with a sequential R and D process where both contributions from North and South are necessary to develop new drugs. This sector relies upon the quasi free access of the South's contribution (genetic resources and traditional knowledge), which may result in an inefficiently low supply of useful information from the South. This article investigates the case for protecting the South's information with intellectual property rights. Using a North-South game we shed light on the importance of the placement of such rights for efficiency and the implication for the division of profit across the R and D process. The property right substantiates the South's threat to enter the North's market if it is not compensated adequately and the capacity to extract the value of its R and D contribution. We show that under complete information the existence of an enforced property right in the genetic resources alone may lead to an efficient outcome through North-South cooperation.
Intellectual Property Rights, Genetic Resources, Sequential R and D.
Disclaimer/Regarding indexing issue:
We have provided the online access of all issues and papers to the indexing agencies (as given on journal web site). It’s depend on indexing agencies when, how and what manner they can index or not. Hence, we like to inform that on the basis of earlier indexing, we can’t predict the today or future indexing policy of third party (i.e. indexing agencies) as they have right to discontinue any journal at any time without prior information to the journal. So, please neither sends any question nor expects any answer from us on the behalf of third party i.e. indexing agencies.Hence, we will not issue any certificate or letter for indexing issue. Our role is just to provide the online access to them. So we do properly this and one can visit indexing agencies website to get the authentic information.