Antitrust & Competition Policy Blog

Editor: D. Daniel Sokol
University of Florida
Levin College of Law

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Monday, June 6, 2011

Rewarding Innovation Efficiently: Research Spill-Overs and Exclusive IP Rights

Posted by D. Daniel Sokol

Vincenzo Denicolò, University of Bologna - Department of Economics and Luigi Alberto Franzoni, University of Bologna - Faculty of Economics explore Rewarding Innovation Efficiently: Research Spill-Overs and Exclusive IP Rights.

ABSTRACT: We investigate the conditions for the desirability of exclusive intellectual property rights for innovators, as opposed to weak rights allowing for some degree of imitation and ex-post competition. The comparison between the two alternatives reduces to a specific "ratio test," which suggests that strong, exclusive IP rights are preferable when competition from potential imitators is weak, the innovation attracts large R&D investments, and research spill-overs are small.

http://lawprofessors.typepad.com/antitrustprof_blog/2011/06/rewarding-innovation-efficiently-research-spill-overs-and-exclusive-ip-rights.html

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