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 …

world with two heterogeneous countries featuring different sizes and innovation capacities. Moving to an international …The literature on patent buyouts has focused on single-economy settings, where buyouts are welfare improving relative … system of global patent protection paired with domestic price subsidies, and only intersovereign transfers can achieve a …

considered instrumental to the provision of global public goods (GPG). We exploit text information from patent data and apply …

and direction of innovation, but at the same time confined to the role of payer of first and last resort, with dire … consequences for both advanced, and more so, developing countries. Fourth, on normative grounds, measures like ad hoc patent …