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Incentivizing innovation through buyouts may alleviate the social costs associated with patent power, but the political economy and feasibility of this potentially important financing mechanism have been understudied. We study an international setting of countries with different innovation and...
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world with two heterogeneous countries featuring different sizes and innovation capacities. Moving to an international …
Persistent link: https://www.econbiz.de/10013271368
patentability requirement. When two countries with similar research efficiencies open trade with each other, the world patentability …
Persistent link: https://www.econbiz.de/10014178854
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We show how characterizing optimal patent policy for the pharmaceutical industry only requires information about generic producers' responses to changes in the effective duration and scope of new drug patents. To estimate these responses, we use data on Paragraph IV patent challenges, and two...
Persistent link: https://www.econbiz.de/10014097057
, particularly from an economic standpoint. In this regard, pharmaceuticals are not generally traded in what might be described as a … because it is imported. Parallel trade (i.e., imports and exports) in pharmaceuticals takes place in markets that are … international exhaustion. This should help to facilitate price reductions in the global market for pharmaceuticals …
Persistent link: https://www.econbiz.de/10014124812
We study the effects of trademark protection on firm profits and strategy using the 1996 Federal Trademark Dilution Act, which granted additional legal protection to selected trademarks. We find that the FTDA raised treated firms' operating profits and was followed by a spike in trademark...
Persistent link: https://www.econbiz.de/10012903220
The legal monopoly granted by the patent system has often been criticized for its inefficiency, which is exacerbated by the peculiarities of knowledge as a public good. In this paper we aim at studying more deeply the latter concern. Hence we build a model in which monopolistic exploitation does...
Persistent link: https://www.econbiz.de/10013020858
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