Showing 1 - 10 of 1,978
We provide a theoretical framework to contribute to the current debate regarding the tendency of pharmaceutical companies to direct their R&D toward marketing products that are “follow-on” drugs of already existing drugs, rather than toward the development of breakthrough drugs. We construct...
Persistent link: https://www.econbiz.de/10013000227
bias is persistent and robust to several model extensions. Implications for the optimal design of intellectual property …
Persistent link: https://www.econbiz.de/10013125704
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 … prefer trendsetting designs and firms compete in prices. We show that design protection, by transforming mass-marketers from …
Persistent link: https://www.econbiz.de/10013111476
efficient technology even in the absence of taxation. When taxation is necessary for innovation, both types of taxes are … effective. However, the energy tax outperforms the emission tax in terms of innovation incentives …
Persistent link: https://www.econbiz.de/10012979600
We present a potentially benign naked exclusion mechanism that can be applied to sequential innovation; a non …-patentable original innovation by the incumbent supplier fosters derivative innovation by rivals. In the absence of an appropriate legal … innovator. The former ban precludes the exclusion of socially beneficial derivative innovation by causing the incumbent supplier …
Persistent link: https://www.econbiz.de/10012956891
In this paper, we offer a novel explanation to the surge in patenting bserved during the last years. With low patentability standards at PTOs (Patent and Trademark Offices awarding so-called bad patents), not only “false innovators” have the chance of being granted patents but also, and more...
Persistent link: https://www.econbiz.de/10013051385
This paper explores the impact of product liability on vertical product differentiation when product safety is perfectly observable. In a two-stage competition, duopolistic firms are subject to strict liability and segment the market such that a low-safety product is marketed at a low price to...
Persistent link: https://www.econbiz.de/10013023185
This paper studies how the Intellectual Property Right (IPR) regime in destination countries influences the way multinationals structure the international organization of their production. In particular, we explore how multinationals divide tasks of different complexities across countries with...
Persistent link: https://www.econbiz.de/10013315712
We show the effects of the bargaining power of labour unions on product innovation under decentralised and centralised … union bargaining power increases innovation if bargaining is decentralised, the market expansion effect is weak and the cost … of innovation is moderate but low. Otherwise, a higher union bargaining power reduces innovation. Hence, whether a higher …
Persistent link: https://www.econbiz.de/10013045339
I investigate a simple model of advance-purchase contracts as a mode of financing costly projects. An entrepreneur has to meet some capital requirement in order to start production and sell the related good to a limited number of potential buyers who are privately informed about their...
Persistent link: https://www.econbiz.de/10013315520