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forward protection reduces the rate of innovation and imposing a nonobviousness requirement reduces R&D spending. It is shown … that full protection against imitation, granted independently of the size of the lead, maximizes the average innovation … rate. -- Intellectual property rights ; persistent leadership ; cumulative innovation ; preemption ; forward protection …
Persistent link: https://www.econbiz.de/10009742608
This essay is the introduction to a forthcoming volume entitled, Regulating Innovation: Competition Policy and Patent …, this essay introduces the organizing themes of the volume. Innovation is critical to economic growth. While it is well … understood that legal institutions play an important role in fostering an environment conducive to innovation and its …
Persistent link: https://www.econbiz.de/10014046279
This paper develops a three-stage model of innovation, fixed-fee licensing and production to evaluate the welfare … effects of compulsory licensing, taking into account both static (information sharing) and dynamic (innovation incentive …
Persistent link: https://www.econbiz.de/10010342239
This paper analyzes how changing the expected length of intellectual property (IP) protection affects economic growth and the welfare of rich and poor consumers. The analysis is based on a product-variety model with non-homothetic preferences and endogenous markups in which, in accordance with...
Persistent link: https://www.econbiz.de/10012969704
Continued lobbying by high-end, American designers for intellectual property-type fashion design protection has culminated in the proposed Innovative Design Protection and Piracy Prevention Act, intended to introduce EU standards. Using a sequential, 2-firm, vertical differentiation framework,...
Persistent link: https://www.econbiz.de/10009488919
This chapter surveys the literature on international trade and the protection of intellectual property rights (IPRs) in the global economy. The discussion is organized around the major questions in the field. How does openness to trade affect national incentives for patent protection? What is...
Persistent link: https://www.econbiz.de/10014023447
forward protection reduces the rate of innovation and imposing a nonobviousness requirement reduces R&D spending. It is shown … that full protection against imitation, granted independently of the size of the lead, maximizes the average innovation …
Persistent link: https://www.econbiz.de/10010316839
This article analyzes the effects of intellectual property rights in a quality-ladder model of endogenous growth in which incumbent firms preemptively innovate in order to keep their position of leadership. Unlike in models with leapfrogging, granting forward protection, and imposing a...
Persistent link: https://www.econbiz.de/10013013144
-expiring forward protection reduces the rate of innovation and imposing a non-obviousness requirement reduces R&D spending. It is shown … that full protection against imitation, granted independently of the size of the lead, maximizes the average innovation …
Persistent link: https://www.econbiz.de/10013036855
innovation is carried out by an entrant or an incumbent can increase growth. Moreover, the article studies the effects of …
Persistent link: https://www.econbiz.de/10013116147