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Firms often register trademarks as they launch new products or services. We find that the number of new trademark registrations positively predicts firm profitability, stock returns, and underreaction by analysts in their earnings forecasts. Using the Federal Trademark Dilution Act (FTDA) as an...
Persistent link: https://www.econbiz.de/10012851688
Trademarks are indeed about information, but trademark doctrine misunderstands trademarks’ information function. Trademark doctrine takes a broadcast view in a networked world. Rather than a world where a single source transmits messages to a passive public, we live in a world where many...
Persistent link: https://www.econbiz.de/10014035438
Innovation in agriculture differs from innovation elsewhere in the economy in several important ways. In this chapter we highlight differences arising from (a) the atomistic nature of agricultural production, (b) the spatial specificity of agricultural technologies and the implications for...
Persistent link: https://www.econbiz.de/10014025149
We study the incentives that governments have to protect intellectual property in a trading world economy. We consider a world economy with ongoing innovation in two countries that differ in market size and in their capacities for innovation. We associate the strength of IPR protection with the...
Persistent link: https://www.econbiz.de/10011539076
The objective of this paper is to show the necessity of reviving the debate on the economic justifications for patent protection. On the one hand, we see the need for the assessment of the overall welfare consequences of the existing systems of patent protection, and on the other hand, we...
Persistent link: https://www.econbiz.de/10011429566
The adequate pricing of intellectual property ("IP") for tax reporting is a largely unsettled issue. Transactional profit-based methods are on the rise although only rated as "methods of last resort" by the OECD. This paper focuses on regulated profit splitting and compares this transfer pricing...
Persistent link: https://www.econbiz.de/10010518821
This paper examines the evolution of national competition (antitrust) policies and enforcement approaches vis … policy changes. Part 2 of the paper outlines the breakthroughs in understanding that have underpinned the evolution of … be well understood or applied in an optimal fashion in the absence of the other. Secondly, the thought evolution …
Persistent link: https://www.econbiz.de/10011723874
We study the relation between patent concentration and tax-motivated income shifting. Using affiliate-level data for European multinational corporations (MNCs) and employing the relative share of patents held by an MNC as a measure for patent concentration, we predict and find that tax-motivated...
Persistent link: https://www.econbiz.de/10012302070
the background of pathogen evolution. We show that a multi-firm industry operating under an IPR-based incentive mechanism …
Persistent link: https://www.econbiz.de/10011597824
Persistent link: https://www.econbiz.de/10000937311