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What has been the overall global welfare impact of the accession to the World Trade Organization of a large country … simple user-friendly formula to calculate the global welfare impact of the simultaneous trade liberalization of a number of … countries? How sensitive is the answer to the assumption of the trade model? We find a striking answer to these questions. We …
Persistent link: https://www.econbiz.de/10009515732
What has been the overall global welfare impact of the accession to the World Trade Organization of a large country … simple user-friendly formula to calculate the global welfare impact of the simultaneous trade liberalization of a number of … countries? How sensitive is the answer to the assumption of the trade model? We find a striking answer to these questions. We …
Persistent link: https://www.econbiz.de/10013108084
This paper provides new testable predictions of heterogeneous firm (HF) models for trade. Variations in trade policy …, trade preferences, and the rules of origin (ROOs) needed to obtain them are incorporated into the model and some analytical …
Persistent link: https://www.econbiz.de/10014054479
exports. The paper modifies Arkolakisś (2010) model of trade with heterogeneous firms by introducing endogenous quality and …
Persistent link: https://www.econbiz.de/10009786048
The doctrine of patent exhaustion implies that the authorized sale of patented goods “exhausts” the patent rights in the goods sold and precludes additional license fees from downstream buyers. Courts have considered absolute exhaustion, in which the patent owner forfeits all rights upon an...
Persistent link: https://www.econbiz.de/10012853728
The doctrine of "patent exhaustion" implies that the authorized sale of patented goods "exhausts" the patent rights in the goods sold and precludes additional license fees from downstream buyers. This paper offers the first formal economic model of domestic patent exhaustion that incorporates...
Persistent link: https://www.econbiz.de/10011718680
On May 30, 2017, the Supreme Court held that the initial authorized sale of a patented item within or outside the U.S. "exhausts" all rights of the patentee to that item under the Patent Act. This decision goes against the Government's position that a foreign sale authorized by the U.S. patentee...
Persistent link: https://www.econbiz.de/10011721577
On May 30, 2017, the Supreme Court held that the initial authorized sale of a patented item within or outside the U.S. “exhausts” all rights of the patentee to that item under the Patent Act. This decision goes against the Government's position that a foreign sale authorized by the U.S....
Persistent link: https://www.econbiz.de/10012947350
This paper questions the presumption that transferable quota licenses are worth more and result in higher welfare. We show that the price of a transferable license will tend to be higher than that of its nontransferable counterpart only if the underlying quota is quite restrictive. Despite this,...
Persistent link: https://www.econbiz.de/10014084900
Persistent link: https://www.econbiz.de/10013423069