This paper addresses the relationship between patent protection and investment in the development of new pharmaceutical … treatments. The TRIPS Agreement, which specifies minimum levels of intellectual property protection for countries in the World … Trade Organization, has increased levels of patent protection around the world. Since patents also have the potential to …

pharmaceuticals. We challenge this orthodox view and show, to the contrary, that the pace of innovation often is faster in a world …

sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs …-run performance, but also infl ates their acquisition prices, and lowers their acquirers' overall profits. Patent law usefulness …

a world economy with ongoing innovation in two countries that differ in market size, in their capacities for innovation … policies in a non-cooperative regime of patent protection, we ask, ‘why are patents longer in the North?’ We also study … international patent agreements by deriving the properties of an efficient global regime of patent protection and asking whether …

British biotechnology companies we have identified all patents filed at the European Patent Office (EPO). Applying hazard rate …This paper investigates how patent applications and grants held by new ventures improve their ability to attract … analysis, we find that in the presence of patent applications, VC financing occurs earlier. Our results also show that VCs pay …

This paper examines patent protection in an endogenous-growth model. Our aim is two-fold. First, we show how the patent … policies discussed by the recent patent-design literature can influence R&D in the endogenous-growth framework, where the role … of the patent-design literature. In a general-equilibrium model, both incentives to innovate and monopoly distortions …

creativity. Markets for intellectual assets protected by IP rights can produce too much or too little innovation. …

countries (LDCs). It starts by discussing the consequences of IP enforcement in LDCs for global innovation and welfare in poorer …