This paper addresses the value of bioprospection for genetic resources (GR) and traditional knowledge (TK) from the South for industrial/research input. The focus is on a dynamic approach to contracting and property rights building upon insights from evolutionary institutional economics. Drawing...

The study analyzes ex-ante the adoption of insect resistant Bt eggplant in India. Farmers' willingness to pay (WTP) is estimated using the contingent valuation method. Given the economic importance of insect pests, the average WTP for proprietary Bt hybrids is more than four times the current...