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Evaluating the US pharmaceutical patent policy
Izhak, Olena; Saxell, Tanja; Takalo, Tuomas - 2021
The debate on whether COVID-19 vaccine patents are slowing down the pace of vaccination and the recovery from the crisis has brought the optimal design of pharmaceutical patent policy to the fore. In this paper we evaluate patent policy in the US pharmaceutical industry. We estimate the effect...
Persistent link: https://www.econbiz.de/10012802183
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Optimal patent policy for pharmaceutical industry
Izhak, Olena; Saxell, Tanja; Takalo, Tuomas - 2020
Persistent link: https://www.econbiz.de/10012439514
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Corporate Law and Small Business Finance : Mandatory V. Enabling Rules
Hyytinen, Ari; Takalo, Tuomas - 2005
A number of ongoing reforms of corporate law are motivated by the need to stimulate entrepreneurship and business creation. Building on the observations that entry is characterised by sunk costs and that the markets for small business finance are imperfectly competitive, we identify a previously...
Persistent link: https://www.econbiz.de/10014062006
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Rationales and instruments for public innovation policies
Takalo, Tuomas - Suomen Pankki - 2013
Economic interest in innovation policy largely arises from the fundamental importance of innovation to social welfare … and from inefficiencies in innovation in a competitive market environment. As a result, a wide variety of public … innovation policies are used in practice. This study reviews the economic justifications for public innovation policies and …
Persistent link: https://www.econbiz.de/10010699287
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Rationales and Instruments for Public Innovation Policies
Takalo, Tuomas - In: Journal of Reviews on Global Economics 1 (2012), pp. 157-167
Economic interest in innovation policy largely arises from the fundamental importance of innovation to social welfare … and from inefficiencies in innovation in a competitive market environment. As a result, a wide variety of public … innovation policies are used in practice. This study reviews the economic justifications for public innovation policies and …
Persistent link: https://www.econbiz.de/10010667377
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Valuation of innovation: The case of iPhone
Korkeamäki, Timo; Takalo, Tuomas - Volkswirtschaftliche Fakultät, … - 2010
patent publications related to the innovation. Our estimate of the lower bound on the market valuation of iPhone is fairly …
Persistent link: https://www.econbiz.de/10008794653
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Evaluating the US pharmaceutical patent policy
Izhak, Olena; Saxell, Tanja; Takalo, Tuomas - 2021
The debate on whether COVID-19 vaccine patents are slowing down the pace of vaccination and the recovery from the crisis has brought the optimal design of pharmaceutical patent policy to the fore. In this paper we evaluate patent policy in the US pharmaceutical industry. We estimate the effect...
Persistent link: https://www.econbiz.de/10012815309
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Technological innovation and the bank lending channel of monetary policy transmission
Hasan, Iftekhar; Li, Xiang; Takalo, Tuomas - 2023
transmission. We first provide a theoretical model in which banks' technological innovation relaxes firms' earning-based bor rowing …, we construct a patent-based measurement of bank-level technological innovation, which can specify the nature of …
Persistent link: https://www.econbiz.de/10014429551
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Technological innovation and the bank lending channel of monetary policy transmission
Hasan, Iftekhar; Li, Xiang; Takalo, Tuomas - 2023
transmission. We first provide a theoretical model in which banks' technological innovation relaxes firms' earning-based borrowing … construct a patent-based measurement of bank-level technological innovation, which can specify the nature of technology and tell …
Persistent link: https://www.econbiz.de/10014446303
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Patents Hinder Collusion
Kultti, Klaus; Takalo, Tuomas; Toikka, Juuso - EconWPA - 2005
We argue that a patent system makes collusion among innovators more difficult. Our simple argument is based on two properties of the patent system. First, a patent not only protects against infringement but also against retaliation by former collusion members. Second, a deviator has an equal...
Persistent link: https://www.econbiz.de/10005134445