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In this paper we extend the model of vertical product differentiation to also consider information disparities about the extent of quality differences. Equilibrium prices turn out to depend not only on the share of informed consumers but also on uninformed consumers beliefs about quality...
Persistent link: https://www.econbiz.de/10011600092
In this paper we extend the model of vertical product differentiation to also consider information disparities about the extent of quality differences. Equilibrium prices turn out to depend not only on the share of informed consumers but also on uninformed consumers beliefs about quality...
Persistent link: https://www.econbiz.de/10014072462
This paper considers the prospect of a government patent buyout in a model of endogenous growth. To this end, the … shows that in this set-up, patent buyout by the government can lead to higher level of welfare without lowering an economy …
Persistent link: https://www.econbiz.de/10011572588
trends of innovation and patenting activities of COVID-19 vaccines in WTO Members, and presents the legal status of the 74 …This working paper provides a statistical analysis of 74 patent families which cover subject matter relevant to ten … based on VaxPaL, a COVID-19 vaccines patent database developed by the Medicines Patent Pool (MPP). Through the detailed …
Persistent link: https://www.econbiz.de/10012818093
We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … lower than the social plannerś benchmark, which suggests a role for patent policy. We focus on a "non-infringing inventive … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …
Persistent link: https://www.econbiz.de/10010189836
. Domestic innovation is measured as citation-weighted domestic patents filed at the European Patent Office (EPO): to account for … to patent at the EPO. Results show that, in the short-run, IPR stimulate innovation. The effect for developing countries …This paper analyses the causal impact of Intellectual Property Rights (IPR) on pharmaceutical innovation in a panel of …
Persistent link: https://www.econbiz.de/10011509446
This paper investigates the relationship between the innovative activity of the top corporate R&D investors worldwide and their valuation on the financial markets. The empirical analysis is based on a sample of more than 1,500 top publicly listed Multinational Corporations (MNCs) performing a...
Persistent link: https://www.econbiz.de/10011989295
We test whether intellectual property rights foster or hinder innovation by estimating IV structural equations for a …
Persistent link: https://www.econbiz.de/10011990262
We study the causal impact of invalidating marginally valid patents during post-grant opposition at the European Patent … Office on affected inventors' subsequent patenting. We exploit exogenous variation in invalidation by leveraging the … participation of a patent's original examiner in the opposition division as an instrument. We find a disciplinary effect of …
Persistent link: https://www.econbiz.de/10011996418
We test whether intellectual property rights (IPRs) foster or hinder innovation by estimating IV structural equations …
Persistent link: https://www.econbiz.de/10011997492