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We study the incentive that a government in the South has to protect the intellectual property rights of Northern firms, and the consequences of the decision taken by the South for welfare in the North and for efficiency of the world equilibrium. We conduct our analysis in the context of a...
Persistent link: https://www.econbiz.de/10012476291
that the total current period (static) welfare gains of introducing a process or a product innovation are, on average …
Persistent link: https://www.econbiz.de/10012462434
pharmaceuticals. We challenge this orthodox view and show, to the contrary, that the pace of innovation often is faster in a world …
Persistent link: https://www.econbiz.de/10012466242