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Maurer and Scotchmer (2002) pointed out that patents may be inferior to other forms of intellectual property in that the independent invention is not a defence to infringement. The authors' analysis refers to situations in which there is an unlimited number of potential entrants by independent...
Persistent link: https://www.econbiz.de/10005196474
The aim of this note is to study the optimal licensing of a non drastic cost reducing patented innovation, if the … holder prefers exclusive innovation exploitation, giving rise to a monopoly, non exclusive exploitation giving rise to a … early simultaneous adoption, whereas diffusion, implying asymmetric adoption, is better if the innovation implies a more …
Persistent link: https://www.econbiz.de/10005094796
Using data collected among exchange institutions in Colombia in 2004, we evidence large differences in the amounts of remittances received from migrants living in the US and from migrants living in Spain. Drawing on quantile decomposition, we show that the gap between the two destination...
Persistent link: https://www.econbiz.de/10005094569
We consider a model of international migration with heterogeneity in the skill level of workers which accounts for country-specific educational investment, unemployment expectations and return to the origin country. We prove that migrants invest less than natives in human capital formation...
Persistent link: https://www.econbiz.de/10005182007