The Economics of Managing Biotechnologies

Description

The advent of new biotechnologies implies significant changes in the world, both biologically and industrially. Biologically, these new technologies represent changes on a scale never before witnessed in the context of evolutionary systems. How these systems will respond to these changes is uncertain and potentially very significant. The first part of this volume addresses these issues in a series of chapters considering the manner in which societies might analyse and manage these systemic responses to biotechnological changes. The second part of the volume addresses the industrial issues concerning biotechnologies. One of the primary motivations for these changes is to enhance the appropriability of the value of innovation occurring within the life sciences sectors. Changing to a property rights-based system of biotechnology has implications for the nature of research and development within these sectors, and the diffusion and distribution of its benefits across the globe. Another set of chapters in this volume sets out a framework for considering these important industrial issues. The volume is the outcome of a two-year project on the economics of managing biotechnologies in agriculture. It is recommended to academics and policy makers interested in the issues concerning society's options in the management of this process of technological change. Biosafety in Agricultural Biotechnology: Balancing Social and Environmental Impacts....Pages 3-49 Pest Resistance in Agriculture: An Economic Perspective....Pages 51-69 Biotechnology for Planted Forests: An Assessment of Biological, Economic and Environmental Possibilities and Limitations....Pages 71-95 On the Economic Limits to Technological Potential: Will Industry Resolve the Resistance Problem?....Pages 99-128 Providing the Correct Incentives for Genetic Modification....Pages 129-143 Decision Making under Temporal Uncertainty and Irreversibility: Benchmark Values for the Release of Transgenic Crops in the EU....Pages 145-156 Managing Pest Resistance: Timing the Initiation of Refuge Areas....Pages 159-169 Managing the Risk of European Corn Borer Resistance to Bt Corn....Pages 171-193 Monopolisation and the Regulation of Genetically Modified Crops: An Economic Model....Pages 197-217 The Diffusion of Benefits from Biotechnological Developments: The Impact of Use Restrictions on the Distribution of Benefits....Pages 219-248 Plants and Biotechnologies....Pages 251-254 Regulatory Harmony — Who’s Calling the Tune?....Pages 255-274