Graduate Program

Economics

Degree Name

Master of Arts (MA)

Semester of Degree Completion

2010

Thesis Director

Noel Brodsky

Thesis Committee Member

Linda Ghent

Thesis Committee Member

Nancy Coutant

Thesis Committee Member

Margaret Brennan

Abstract

The core focus of this research is to recognize industry concentration in the plant biotechnology sector. The literature review examines institutional dynamics affecting the industry - discussing the importance of innovation, and how the government can influence the industry to remain competitive. An examination of a few key firms' history and evolution helps explain the structure of the plant biotech industry. The research also provides examples of what crops are being altered using biotechnology, and why companies are willing to spend money to gain the rights to this research. This article compiles plant biotechnology US field trial data from 2000 - 2009. The data was organized to find the extent of industry concentration within field trial research. Concentration was measured by the percent of shares held by the top four firms and the Herfindahl-Hirshfield Index which measures relative size and distribution of the firms. The study examined U.S. field trials only and showed high levels of concentration in the industry.

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