Using traditional knowledge for commercial innovations : incentives, bargaining and community profits
Date
2005
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SANDEE, Kathmandu, NP
Abstract
This paper examines the nature of economic incentives required for protecting and sustainably using traditional knowledge (TK). A mathematical formulation of the problem of sharing profits from TK based innovations is developed, using an approach of bargaining between the community with the TK and the pharmaceutical company with R&D technology. Factors that can affect profits and relative bargaining strengths include contributions of the different parties and partners in developing an innovation, the availability of alternative sources and options, expectations regarding future revenues and expenditures, and the involvement of a third party in negotiations.
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Keywords
INCOME GENERATION, POLICY MAKING, INDIGENOUS KNOWLEDGE, PHARMACEUTICAL INDUSTRY, BIOPROSPECTING, INTELLECTUAL PROPERTY, ECONOMIC ASPECTS, CAPACITY BUILDING, TRADITIONAL KNOWLEDGE, LEGAL FRAMEWORK, ECONOMETRICS, NEPAL, SOUTH ASIA