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Fan, Haichao; Lai, Edwin L.-C.; Qi, Han - 2012 - This draft: March 31, 2012

What has been the overall global welfare impact of the accession to the World Trade Organization of a large country … simple user-friendly formula to calculate the global welfare impact of the simultaneous trade liberalization of a number of … countries? How sensitive is the answer to the assumption of the trade model? We find a striking answer to these questions. We …

Persistent link: https://www.econbiz.de/10009515732

Credit constraints, quality, and export prices : theory and evidence from China

Fan, Haichao; Lai, Edwin L.-C.; Li, Yao Amber - 2013

exports. The paper modifies Arkolakisś (2010) model of trade with heterogeneous firms by introducing endogenous quality and …

Persistent link: https://www.econbiz.de/10009786048

An economic model of patent exhaustion

Ivus, Olena; Lai, Edwin L.-C.; Sichelman, Ted - 2017

The doctrine of "patent exhaustion" implies that the authorized sale of patented goods "exhausts" the patent rights in the goods sold and precludes additional license fees from downstream buyers. This paper offers the first formal economic model of domestic patent exhaustion that incorporates...

Persistent link: https://www.econbiz.de/10011718680

Patent exhaustion regime and international production sharing : winners and losers?

Ivus, Olena; Lai, Edwin L.-C. - 2017

On May 30, 2017, the Supreme Court held that the initial authorized sale of a patented item within or outside the U.S. "exhausts" all rights of the patentee to that item under the Patent Act. This decision goes against the Government's position that a foreign sale authorized by the U.S. patentee...

Persistent link: https://www.econbiz.de/10011721577

International protection of intellectual property

Grossman, Gene M.; Lai, Edwin L.-C. - 2002

We study the incentives that governments have to protect intellectual property in a trading world economy. We consider a world economy with ongoing innovation in two countries that differ in market size and in their capacities for innovation. We associate the strength of IPR protection with the...

Persistent link: https://www.econbiz.de/10011539076

Would global patent protection be too weak without international coordination?

Lai, Edwin L.-C.; Yan, Isabel K. M. - 2011

trade and social-welfare-maximizing governments à la Grossman and Lai (2004), cross-border positive policy externalities … introduces three new features to the analysis: trade barriers, firm heterogeneity in terms of productivity and political economy … considerations in setting patent policies. The first two features (trade barriers interacting with firm heterogeneity) tend to reduce …

Persistent link: https://www.econbiz.de/10009230883