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The Agreement on Trade-Related Aspects of Intellectual Property Rights (TRIPS) came into force in 1995 in the ambit of the World Trade Organization (WTO). TRIPS obliges WTO country members to adopt higher standards of patent protection and, as a consequence, increases the costs of access to...
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the government does not run a price control). The present article aims to organize the debate on regulation for this … industry. We review the literature on market failures and regulation solutions adopted for this industry worldwide and try to …
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