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Patents and Other Intellectual Property Rights AgEcon
Moschini, GianCarlo.
This article reviews intellectual property rights (IPRs), with some emphasis on the protection of agricultural and life sciences innovations. The main institutional features of IPRs are first discussed, along with a brief historical background and an articulation of the main rationale for the existence of such rights. This is followed by an overview of the principal economic issues related to IPRs. The main benefit/cost trade-offs of allowing patents and other IPRs are explained, and specific issues are then analyzed in some depth, including the scope of patent protection, the effects of patent races, and the problems arising when IPRs concern cumulative and/or complementary innovations. The economics of IPRs are further illustrated by considering...
Tipo: Working or Discussion Paper Palavras-chave: Efficiency; Incentives; Innovation; Invention; Market failure; Monopoly; Property rights; Public good; Second best; Research and Development/Tech Change/Emerging Technologies.
Ano: 2001 URL: http://purl.umn.edu/18466
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Unprotected Resources and Voracious World Markets AgEcon
Margolis, Michael; Shogren, Jason F..
The Theory of the Second Best implies that any country with less-than-ideal resources can lose from international trade. Recently it has been suggested this means the South (poor countries) are better off suppressing trade with the North, especially trade in natural resource products, since the North has better developed rights to protect its natural resources. Here we show that the suppression of such trade may also impede the development of property rights in the South, but that even taking this into account, trade liberalization need not improve Southern welfare. We find that within a cone of world prices on the boundary of which lies the South's autarky price vector, welfare losses still occur even when local governments in the South make optimal...
Tipo: Working or Discussion Paper Palavras-chave: International trade; Property rights; Natural resources; Environment; Second best; Institutional change; Development; International Relations/Trade; F02; F10; F18; K11; O10; O19.
Ano: 2002 URL: http://purl.umn.edu/10635
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