We develop a model in which stronger protection of intellectual property rights has an inverted U-shaped effect on innovation. Intellectual property rights protection allows the incumbent firms to capture part of the rents of commercial exploration that would otherwise accrue to the...

The economic characteristics of software and transaction costs explain, why closed source and open source software co-exist. It is about the efficient use of a non- and anti-scarce resource. But because of ex-post transaction costs that lead to information asymmetries, some property rights...

This paper discusses several features of knowledge that are often considered crucial for characterizing the economic significance of knowledge: whether it is overtly accessible or tacit, whether it can be or is encoded or not, and whether it has public or private good character. It is argued...

To educate Filipinos on IPR, this article provides a rigorous discussion on the Philippine patent system and patent law. It identifies the patentable grant, the requirements of patentability and records a step-by-step patent application. This article has been presented during the DOST-PIDS...

Inasmuch as plant breeders deserve remuneration for their labor and investment efforts, there are also reasons against the institution of plant variety protection system. This article, which has been presented during the DOST-PIDS Seminar-Discussion on “Intellectual Property Rights: Policy...

To stimulate technological development, it is necessary that intellectual property be clearly rewarded. It is not, therefore, surprising that international fora have discussed the issues of IPR and patents. This article, which has been presented during the DOST-PIDS Seminar-Discussion on...

The advent of new techniques in genetic manipulation has sparked discussions in IPR involving biological products and processes. This article, which has been presented during the DOST-PIDS Seminar-Discussion on “Intellectual Property Rights: Policy Issues and Perspectives” on December 13,...

While often presumed in academic literature and policy discussions there is little empirical evidence showing that academic patents protect more basic inventions than corporate patents. This study provides new evidence on the basicness of academic patents using German professor patents linked to...

Against the background of the so-called European paradox, i.e. the conjecture that EU countries lack the capability to transfer science into commercial innovations, knowledge transfer from academia to industry has been a central issue in policy debates recently. Based on a sample of German...

This paper investigates how patent applications and grants held by new ventures improve their ability to attract venture capital (VC) financing. We argue that investors are faced with considerable uncertainty and therefore rely on patents as signals when trying to assess the prospects of...