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An option perspective on generating and maintaining plant variety rights in China
Author(s) -
Koo Bonwoo,
Pardey Philip G.,
Qian Keming,
Zhang Yi
Publication year - 2006
Publication title -
agricultural economics
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.29
H-Index - 82
eISSN - 1574-0862
pISSN - 0169-5150
DOI - 10.1111/j.1574-0862.2006.00137.x
Subject(s) - china , intellectual property , trips architecture , revenue , incentive , variety (cybernetics) , context (archaeology) , property rights , productivity , business , plant variety , international trade , developing country , economics , natural resource economics , economic growth , market economy , law , finance , engineering , microeconomics , political science , geography , biology , archaeology , artificial intelligence , transport engineering , computer science , horticulture
Notwithstanding the ambiguous research and productivity promoting effects of plant variety protections (PVPs) even in developed countries, many developing countries have adopted PVPs in the past few years, in part to comply with their Trade‐Related Aspects of Intellectual Property Rights (TRIPS) obligations. Seeking and maintaining PVPs reserves options to an expected revenue stream from the future sale of protected varieties, the value of which varies for a host of reasons. In this article we empirically examine the pattern of PVP applications in China since its PVP laws were first introduced in 1997. We place those PVP rights in the context of China's present and likely future seed markets to identify the economic incentives and institutional influences on decisions to develop and apply for varietal rights.