Precision Health Economics
NBER Working Papers and Publications
|May 2011||Agricultural Innovation|
with Brian Wright
in Accelerating Energy Innovation: Insights from Multiple Sectors, Rebecca M. Henderson and Richard G. Newell, editors
|March 2010||Agricultural Innovation|
with Brian D. Wright: w15793
The achievements in agricultural innovation over the past century have been impressive, supporting large increases in agricultural yields and low food prices. Critical to this success has been sustained public sector investment combined with a decentralized and competitive research system in the US. Recent intellectual property reforms motivated increased private investment, yet the private sector still relies upon basic research produced by the public sector. Problems with scientific freedom to operate as well as concentration in the agricultural biotechnology industry also emerged due to intellectual property rights. For new technologies, the case of agriculture demonstrates that government has an important role in antitrust, the effective and efficient regulation of technologies, and in...