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technology diffusion, with the productivity of imitation modeled by a catch-up function that increases with distance to the … frontier? This paper models agents growing as a result of investments in innovation and imitation. Imitation facilitates … optimally choose to "catch-up" or "fall-back" to a productivity ratio below the frontier …
Persistent link: https://www.econbiz.de/10013106293
This paper develops a North-South product model in which Southern imitation and the North-South flow of foreign direct … imitation, which, in turn, increases the flow of FDI. The increase in FDI more than offsets the decline in production undertaken …
Persistent link: https://www.econbiz.de/10013070725
We estimate a model of drug demand and supply that incorporates insurance, advertising, and competition between branded and generic drugs within and across therapeutic classes. We use data on antiulcer drugs from 1991 to 2010. Our simulations show generics and ``me-too'' drugs each increased...
Persistent link: https://www.econbiz.de/10013074647
which Northern innovation, Southern imitation, and FDI are all endogenous. Our model predicts that IPR reform in the South …
Persistent link: https://www.econbiz.de/10012760176
Brand and generic drug manufacturers frequently settle patent litigation on terms that include a payment to the generic manufacturer along with a specified date at which the generic would enter the market. The Federal Trade Commission contends that these agreements extend the brand's market...
Persistent link: https://www.econbiz.de/10013050310
Over the last decade, generic penetration in the U.S. pharmaceutical market has increased substantially, providing significant gains in consumer surplus. What impact has this rise in generic penetration had on the rate and direction of early stage pharmaceutical innovation? We explore this...
Persistent link: https://www.econbiz.de/10013032342
We analyze the effects on consumers of an extreme policy experiment -- Napsterizing' pharmaceuticals -- whereby all patent rights on branded prescription drugs are eliminated for both existing and future prescription drugs without compensation to the patent holders. The question of whether this...
Persistent link: https://www.econbiz.de/10013212342
The debate between the North and the South about the enforcement of intellectual property rights in the South is examined within a dynamic general equilibrium framework in which the North innovates new products and the South imitates them. A welfare evaluation of a policy of tighter intellectual...
Persistent link: https://www.econbiz.de/10013245318
This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the allocation of resources by encouraging rapid experimentation and efficient ex post transfer of knowledge across firms. Each firm receives a private signal on the success...
Persistent link: https://www.econbiz.de/10012753422
What form of intellectual property rights (IPR) policy contributes to economic growth? Should technological followers be able to license the products of technological leaders? Should a company with a large technological lead receive the same IPR protection as a company with a more limited lead?...
Persistent link: https://www.econbiz.de/10012747875