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This entry for the forthcoming The New Palgrave Dictionary of Economics (Second Edition) surveys the economic analysis of five primary fields of law: property law; liability for accidents; contract law; litigation; and public enforcement and criminal law. It also briefly considers some...
Persistent link: https://www.econbiz.de/10009141792
This paper investigates the impact of patent laws on firms’ global sourcing decisions. I develop a theoretical model of multinational firms’ location and production decisions in the presence of cross-country differences in intellectual property rights and cross-sector differences in the...
Persistent link: https://www.econbiz.de/10009019874
of firms and markets. We then survey the available literature on patents, trade marks and copyright to assess the value …
Persistent link: https://www.econbiz.de/10010616041
Compulsory licensing allows firms in developing countries to produce foreign-owned inventions without the consent of foreign patent owners. This paper uses an exogenous event of compulsory licensing after World War I under the Trading with the Enemy Act to examine the effects of compulsory...
Persistent link: https://www.econbiz.de/10010616100
One manifestation of the trend towards the strengthening of copyright protection that has been noticeable during the past two decades is the secular extension of the potential duration during which access to copyrightable materials remains legally restricted. Those restrictions carry clear...
Persistent link: https://www.econbiz.de/10009141797
The recent episode of rising consumer bankruptcy and increasing foreclosure rates has sparked a lively debate about how to best tackle the crisis in the U.S. housing market. This paper contributes to the debate by providing an explicit model of the interactions of households' decisions to...
Persistent link: https://www.econbiz.de/10010878045
There are three analytically distinct layers of the phenomenon that has been labeled “the anticommons” and indicted as a potential impediment to innovation resulting from patenting and enforcement of IPR obtained on academic research results. This paper distinguishes among “search...
Persistent link: https://www.econbiz.de/10009131515
functions of appropriability mechanisms, including patent scope and the effectiveness of patents as well as learning, lead time …
Persistent link: https://www.econbiz.de/10009141760
There are three analytically distinct layers of the phenomenon or condition that has been labeled “the anticommons,” and indicted as a potential impediment that patenting and enforcement of IPR may impose on innovative activity. The first part of the paper distinguishes between the layers of...
Persistent link: https://www.econbiz.de/10010616036
Patent pools are agreements by multiple patent owners to license certain patents to third parties as a package, and … often in conjunction with the development of a technological standard. A key distinction made by regulators—between patents … essential to a standard and patents that are suitable substitutes—has not been captured in existing economic models. I present a …
Persistent link: https://www.econbiz.de/10010878085