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What is the optimal system of intellectual property rights to encourage innovation? Empirical evidence from economic … existence of strong patent laws encourage innovation? And 2) May patent laws influence the direction - as opposed to the rate … innovations in developing countries, discourage innovation in the developing countries? This essay summarizes results of existing …
Persistent link: https://www.econbiz.de/10010950825
Health care expenditures have been increasing sharply in the last ten years, with spending on mental health disorders being particularly prominent. Over the same time period, a number of new antipsychotic medications have been added to the armamentarium for treatment of persons diagnosed with...
Persistent link: https://www.econbiz.de/10005050061
We review in considerable detail the conceptual and measurement issues that underlie construction of medical care price indexes in the U.S., particularly the medical care consumer price indexes (MCPIs) and medical-related producer price indexes (MPPIs). We outline salient features of the medical...
Persistent link: https://www.econbiz.de/10005050391
Although broad trends in medical spending in the U.S. over the last decade have received widespread attention from policymakers, very little attention has focused on the components of those changes. For many other industries, economists typically divide nominal expenditures by an official...
Persistent link: https://www.econbiz.de/10005723024
Proponents of stronger copyright terms have argued that stronger copyright terms encourage creativity by increasing the profitability of authorship. Empirical evidence, however, is scarce, because data on the profitability of authorship is typically not available to the public. Moreover at...
Persistent link: https://www.econbiz.de/10011264932
a package to other firms. Regulators favor pools as a means to encourage innovation: Pools are expected to reduce … the effects of a patent pool on innovation. Contrary to theoretical predictions, the sewing machine pool appears to have … discouraged patenting and innovation, in particular for the members of the pool. Data on stitches per minute, as an objectively …
Persistent link: https://www.econbiz.de/10005025643
To overcome the problem of insufficient research and development (R&D) on vaccines for diseases concentrated in low-income countries, sponsors could commit to purchase viable vaccines if and when they are developed. One or more sponsors would commit to a minimum price that would be paid per...
Persistent link: https://www.econbiz.de/10005778504
's fairs between 1851 and 1915. Exhibition data show that the industry where an innovation is made is the single most important …
Persistent link: https://www.econbiz.de/10005580487
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 long run effects of...
Persistent link: https://www.econbiz.de/10008624571
The Plant Patent Act of 1930 was the first step towards creating property rights for biological innovation: it … varieties to examine whether the Act encouraged innovation. Nearly half of all plant patents between 1931 and 1970 were for … innovation: less than 20 percent of new roses were patented, European breeders continued to create most new roses, and there was …
Persistent link: https://www.econbiz.de/10009004111