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Risks to the Returns to Medical Innovation : The Case of Myriad Genetics

Clemens, Jeffrey - 2015

We describe the broad range of uncertainties faced by the developers of medical technologies. Empirically, we estimate the asset market incidence of two realizations of uncertainties we classify as within-market policy risks. The events we analyze concern the intellectual property of Myriad...

Persistent link: https://www.econbiz.de/10012457199

Damages and Injunctions in the Protection of Proprietary Research Tools

Schankerman, Mark - 1999

Profit on proprietary research tools is determined partly by the remedies for infringement, such as damages and injunctions. We investigate how damages under a liability rule and the opportunity for injunctions under a property rule can affect the incentives to develop research tools. We show...

Persistent link: https://www.econbiz.de/10012471710

Foreign Technology Adoption as a Flying Propeller

Hu, Yunfang; Kunieda, Takuma; Nishimura, Kazuo; Wang, Ping - National Bureau of Economic Research - 2023

We construct a dynamic general equilibrium model of foreign direct investment (FDI) and foreign technology adoption, incorporating adoption barriers, international technology spillover, and relative price advantages. A higher FDI conversion efficacy, a lower adoption barrier, or a stronger...

Persistent link: https://www.econbiz.de/10014250176

Globalisation, Pass-through and the Optimal Policy Response to Exchange Rates

Devereux, Michael B. - 2014

Most central banks in Asia have actively used sterilised foreign exchange intervention as a policy tool to smooth … Asia is decreasing …

Persistent link: https://www.econbiz.de/10012458414

Surfing the Waves of Globalization : Asia and Financial Globalization in the Context of the Trilemma

Aizenman, Joshua - 2010

Using the "trilemma indexes" developed by Aizenman et al. (2008) that measure the extent of achievement in each of the three policy goals in the trilemma--monetary independence, exchange rate stability, and financial openness--we examine how policy configurations affect macroeconomic...

Persistent link: https://www.econbiz.de/10012462774

Globalization and innovation in emerging markets

Gorodnichenko, Yuriy - 2008

Globalization brings opportunities and pressures for domestic firms in emerging markets to innovate and improve their … between globalization and innovation does not differ across the manufacturing and service sectors …

Persistent link: https://www.econbiz.de/10012464166

Risk, Government and Globalization : International Survey Evidence

Mayda, Anna Maria - 2007

government spending can bolster support for globalization by reducing the risk associated with it in the minds of voters …

Persistent link: https://www.econbiz.de/10012465617

Intellectual Property Rights and Access to Innovation : Evidence from TRIPS

Kyle, Margaret - 2014

protection within a specified time period as part of the TRIPS Agreement. However, members retained the right to impose price … product level, selection into TRIPS "treatment" is exogenously determined by compliance deadlines that vary across countries … discrimination across countries has increased for drugs patented post-TRIPS and prices are negatively related to the burden of …

Persistent link: https://www.econbiz.de/10012457867

The Political Economy of Intellectual Property Treaties

Scotchmer, Suzanne - 2002

Intellectual property treaties have two main types of provisions: national treatment of foreign inventors, and harmonization of protections. I address the positive question of when countries would want to treat foreign inventors the same as domestic inventors, and how their incentive to do so...

Persistent link: https://www.econbiz.de/10012469597

Intellectual Property Rights and North-South Trade

Chin, Judith C. - 1988

We study the incentive that a government in the South has to protect the intellectual property rights of Northern firms, and the consequences of the decision taken by the South for welfare in the North and for efficiency of the world equilibrium. We conduct our analysis in the context of a...

Persistent link: https://www.econbiz.de/10012476291