Incentivizing innovation through buyouts may alleviate the social costs associated with patent power, but the political … setting of countries with different innovation and financing capabilities, and where financing governments rely on taxes to …

"Research on the effects of patent protection on innovation and technology transfer in the cross-country pharmaceutical … industry adds to our understanding of the underlying forces driving a country's innovation level. Qian (2007) constructs a … not stimulate domestic innovation, as estimated by the US patent awards (both raw counts and citation-weighted) and …