This paper investigates the choice of an intellectual protection regime for a process innovation. We set up a multi …-stage model in which choosing between patent and trade secrecy is affected by three parameters: the patent strength defined as the … probability that the right is upheld by the court, the cost of imitating a patented innovation relative to the cost of imitating a …

of naïve individuals as well as sophisticated individuals with severe self-control problems remains too high, and welfare …, we show that introducing a uniform tax on top of a system of sin licenses may improve welfare, whereas a uniform maximum … quota would reduce welfare for sophisticates but may increase welfare for naives. Finally, we show that naives would benefit …

welfare implications of vertical licensing …

increasing its exports. Welfare in the South would rise (fall) if that country has high (low) absorptive capacity. Excessively … strong IPR diminish competition and welfare, however. Adding foreign direct investment as an additional channel of technology …

deter entry with the threat of patent litigation. We show that a positive cross-licensing royalty rate, which would …

This paper investigates the strategies of a data broker in selling information to one or to two competing firms that …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … lower than the social planner's benchmark, which suggests a role for patent policy. We focus on a “non-infringing inventive …

This paper develops a model of patent trolls to understand various litigation strategies employed by nonpracticing …