Rewarding Innovation Efficiently: Research Spill-overs and Exclusive IP Rights
Published By: IGDIR on eSS | Published Date: January, 23 , 2011This paper investigates 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. [WP-2011-002] URL: [http://www.igidr.ac.in/pdf/publication/WP-2011-002]
Author(s): Vincenzo Denicolòyand Luigi A. Franzoni | Posted on: Jun 23, 2011 | Views(815) | Download (132)