Moschini, Giancarlo; Yerokhin, Oleg - Iowa State University of Science and Technology <Ames, … - 2006
production model under two distinct intellectual property right (IPR) regimes,essentially a patent system with and without a … research exemption. The model applies closely tothe question of the optimal mode of IPR protection for plants, where … exemption. We find that firms, ex ante, always prefer fullpatent protection. The welfare ranking of the two IPR regimes, on the …