Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/46719 
Authors: 
Year of Publication: 
1992
Citation: 
[Publisher:] Institut für Weltwirtschaft (IfW) [Place:] Kiel [Year:] 1992
Series/Report no.: 
Kiel Working Paper No. 529
Publisher: 
Kiel Institute of World Economics (IfW), Kiel
Abstract: 
The Earth Summit in Rio was expected to pave the way for more and effective cooperation with respect to biodiversity. This paper discusses the approaches which were adopted at the summit and the benefits of biodiversity which are closely related to innovations of the biotechnology industries. The paper shows that the projectrelated support is principally able both to guarantee a certain degree of preservation and to avoid administration problems which originate from information asymmetries and rent-seeking. The project-related control of environment-friendliness can serve as an effective, although insufficient second-best instrument unless a general pricing rule for different international environmental services is available. However, the paper also shows that the agreed-upon preferential access of developing countries to patented biotechnology products will encounter a lot of problems.
Document Type: 
Working Paper
Document Version: 
Digitized Version

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