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In a context of product innovation, we study two-part tariff licensing between a patentee and a potential rival which … the relative profitability of Cournot vs. Bertrand when a per unit royalty is applied. By contrast, we find that Cournot …
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We analyze a two-country model of Foreign Direct Investment (FDI). Two firms, each of which is originally situated in only one of the two countries, first decide whether to build a plant in the foreign country. Then, they decide whether to relocate R&D activities. Finally, they engage in...
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Exclusive rights, like mineral leases and radio spectrum licences, often hold option-like features. This occurs when licencees do not face the obligation to to develop the lease or to undertake the investment required to use the assigned spectrum. However, to avoid licences being unused for...
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The current Water Abstraction License (WAL) regime in Italy is no longer flexible enough to cope with the challenges posed by human-induced climate and global environmental changes. The cornerstones of the current regime were laid down in the 1930s and have remained essentially unchanged ever...
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innovation, growth and welfare. I develop a quantitative multi-country trade model with endogenous productivity through … innovation and adoption that features imperfect IP rights enforcement. A counterfactual analysis shows that improving IP … protection in exchange for market access increases welfare, innovation and growth in the world. However, welfare gains along the …
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