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Author:Swanson, T.
Goschl, T.
Title:Property rights issues involving plant genetic resources: implications of ownership for economic efficiency
Journal:Ecological Economics
2000 : JAN, VOL. 32:1, p. 75-92
Index terms:ECONOMICS
PROPERTY RIGHTS
R&D
Language:eng
Abstract:The economic theory of property rights is applied to the issue of the conservation of plant genetic diversity, an issue often discussed in terms of benefit sharing, in order to demonstrate that the assignment of property rights is important for reasons of efficiency as well as for equity. Given the existence of transaction costs within an industry, the location of a property rights assignment is a crucial factor determining the incentives for efficient levels of investment at various levels of that industry.
SCIMA record nr: 211263
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