publication . Article . Other literature type . 1999

Patents, R&D, and Market Structure in the U.S. Food Processing Industry

Gopinath, Munisamy; Vasavada, Utpal; Gopinath, Munisamy; Vasavada, Utpal;
Open Access English
  • Published: 01 Jul 1999 Journal: Journal of Agricultural and Resource Economics (issn: 1068-5502, eissn: 2327-8285, Copyright policy)
  • Publisher: Western Agricultural Economics Association
Abstract
This study investigates the effects of market structure and research and development (R&D) on the innovation activities of firms. Fixed and random effects count data models are estimated with firm-level data for the U.S. food processing industry. Results show a positive association between patents and R&D, and patents and market structure, suggesting that firms which exhibit noncompetitive behavior are likely to develop new products and processes. Significant intra-industry spillovers of knowledge are identified using industry R&D. For this industry, deadweight losses from imperfect competition may be offset by greater product variety and quality of ...
Subjects
free text keywords: Research and Development/Tech Change/Emerging Technologies,, food processing firms, innovative activity, market share, r&d, spillovers, Agriculture, S, Research and Development/Tech Change/Emerging Technologies
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