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Valuation of Plant Variety Protection Certificates
Author(s) -
Lesser W.
Publication year - 1994
Publication title -
applied economic perspectives and policy
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.4
H-Index - 49
eISSN - 2040-5804
pISSN - 2040-5790
DOI - 10.2307/1349465
Subject(s) - valuation (finance) , business , variety (cybernetics) , actuarial science , finance , computer science , artificial intelligence
Hedonic pricing is used to value certificates of plant variety protection for soybean seed in New York. The estimated price premium of 2.3 percent (0.7/lb) is low, and another indicator that U.S. Plant Breeders' Rights protection likely provides inadequate incentives for breeding investment. Soon, Congress will decide on amending the Plant Variety Protection Act to strengthen protection. The current results suggest strengthening is needed, but additional study is required to determine if the proposed amendments are optimal.