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research arising from the genome case, the paper shows that in some fundamental research areas, where knowledge externalities … play an important role, market and non-market allocation mechanisms do coexist and should coexist in order to ensure … some features of an optimal research policy. …
Persistent link: https://www.econbiz.de/10011608822
While most countries have harmonized intellectual property rights (IPR) legislation, the dispute about the optimal level of IPR-enforcement remains. This paper develops an endogenous growth framework with two open economies satisfying the classical North-South assumptions to study (a)...
Persistent link: https://www.econbiz.de/10010305986
While most countries have harmonized intellectual property rights (IPR) legislation, the dispute about the optimal level of IPR-enforcement remains. This paper develops an endogenous growth framework with two open economies satisfying the classical North-South assumptions to study (a)...
Persistent link: https://www.econbiz.de/10011753214
The advantages and disadvantages of genetic modification of organisms in agriculture are reviewed. These relate to the environment, human health, socio-economic effects, population growth, and differential consequences for developed and developing countries. An overall evaluation requires that...
Persistent link: https://www.econbiz.de/10010324896
Policymakers all over the world claim: no innovation without protection. For more than a century, critics have objected that the case for intellectual property is far from clear. This paper uses a game theoretic model to organise the debate. It is possible to model innovation as a prisoner's...
Persistent link: https://www.econbiz.de/10010264808
The real option theory provides a useful tool to evaluate an R&D investment under uncertainty because, unlike the NPV …
Persistent link: https://www.econbiz.de/10010266007
positively related to research and development investments, while openness to trade has a negative effect. I also find the …. However, in both sub-samples, research and development investments Granger-cause intellectual property protection levels …, whereas surprisingly, intellectual property protection does not Granger-cause research and development investments. …
Persistent link: https://www.econbiz.de/10010274491
theoretical as well as the quantitative analysis, recommendations are derived for a better allocation of the reduction burden …
Persistent link: https://www.econbiz.de/10010273116
telecommunications is in line with micro-economic theory, which predicts an increase in efficiency and lower prices when markets are …
Persistent link: https://www.econbiz.de/10011506581
This paper studies the interaction between two dynamic domains, (1) an evolutionary biological system ('the environment') whose behaviour determines the availability of a resource stock, and (2) an industry where access to the resource stock is determined by the outcome of a patent race. The...
Persistent link: https://www.econbiz.de/10011335747