For fixing a price for a patented technology, a new methodology has been developed using the concept of contingent valuation so that both the firms, who patent the technology and the users (farmers) of technology are benefitted. The results are based on the primary survey conducted among the growers of hybrid maize and hybrid tomato and also among the firms engaged in research and development activities on these crops. The hybrids have been chosen to serve as a proxy for a patented innovation. It has been found that a patented technology could result in aggravating the disparities between the resource-rich and resource-poor farmers. The same results have been obtained for tomato and maize crops. Some measures have been suggested to control these inequalities, including the sharing of burden among the stakeholders.
