Economic Governance of Property Rights: comparative analysis on the collection of royalties in genetically modified soybean seeds

This paper examines the governance of property rights on genetically modified (GM) soybean seeds. Specifically, the article undertakes a comparative analysis on the collection of royalties in GM soybean seeds in the U.S. and Brazil. For each country, the authors describe the regulatory framework gov...

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Bibliographic Details
Published inRevista de Economia e Sociologia Rural (RESR) Vol. 51; no. 1; pp. 25 - 44
Main Authors Monteiro, Guilherme Fowler de Avila, Zylbersztajn, Decio
Format Journal Article
LanguageEnglish
Published Sociedade Brasileira de Economia e Sociologia Rural 01.03.2013
Edition2541
Subjects
Agribusiness
cobrança de royalty
direitos de propriedade
GM seed
governance mechanism
mecanismo de governança
property rights
royalty collection
semente transgênica
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Summary:This paper examines the governance of property rights on genetically modified (GM) soybean seeds. Specifically, the article undertakes a comparative analysis on the collection of royalties in GM soybean seeds in the U.S. and Brazil. For each country, the authors describe the regulatory framework governing the protection of biotechnology innovations in agriculture and investigate the mechanisms of royalty collection in GM soybean seeds. The paper also offers econometric evidence linking the capture of value on biotech innovations and the protection mechanisms deployed by biotech firms. The results suggest that, subject to the institutional environment, firms may choose to transact a GM attribute separated from the seed, building specialized governance structures framed around the genetic attribute and not around the seed as a whole.
ISSN:1806-9479
0103-2003
1806-9479
DOI:10.22004/ag.econ.341463