Roy, Abhra; Bagchi, Aniruddha - In: Economics of Innovation and New Technology 20 (2011) 3, pp. 259-282
operate independently. We investigate the interaction between optimal patent regimes and cross-border mergers in a North …-South framework. In this scenario, we show that forming cross-border mergers increase welfare and reduce the optimal patent length in … both regions by reducing competition in the Southern market. As a result, world welfare under mergers Pareto-dominate both …