intellectual property

On the Community Patent

The aim of the community patent is to foster innovative activity, but strategic effects between firms competing in R&D have not been considered in the official discourse. The authors show that, even if these are taken into account, the community patent will increase innovative activity and welfare.

Probabilistic Patents

The authors model a homogeneous product environment where identical e-retailers endogenously engage in both brand advertising (to create loyal customers) and price advertising. Using data from a price comparison site, they test several predictions of the model.

Economic Logic of “Open Science” and the Balance between Private Property Rights and the Public Domain in Scientific Data and the Public Domain in Scientific Data and Information: A Primer

The author concludes that the public policy problem, consequently, is to keep the two sub-systems in proper balance by public funding of “open science” research, and by checking excessive incursions of claims to private property rights over material that would otherwise remain in the public domain of scientific data and information.