Asset Details
Do you wish to reserve the book?
Biological Innovation without Intellectual Property Rights: Cottonseed Markets in the Antebellum American South
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
Biological Innovation without Intellectual Property Rights: Cottonseed Markets in the Antebellum American South
Do you wish to request the book?
Biological Innovation without Intellectual Property Rights: Cottonseed Markets in the Antebellum American South
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
Biological Innovation without Intellectual Property Rights: Cottonseed Markets in the Antebellum American South
2021
Overview
The Antebellum American South experienced rapid biological innovation centered around an active market for new cotton seed varieties, despite the absence of intellectual property rights. Contemporaries complained new seed was initially offered at high prices, which subsequently collapsed. Using local newspaper evidence, this paper documents this market’s operation. It then rationalizes the price movements given the potential of improved seed to multiply at finite rates. The initial prices were sufficiently high to provide meaningful incentives to innovate. This study also identifies information problems affecting the cotton seed market, leading observers to claim too many new varieties were released, not too few.
Publisher
Cambridge University Press
Subject
