Lecture13_innovation - Lecture 13 Innovation policy...

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Lecture 13 Innovation policy & intellectual property Commerce 394: Government and Business Keith Head Sauder School of Business November 5, 2015
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Intellectual property (IP): learning objectives Based on reading Brander chapter 13 and active learning from this lecture students should be able to List and distinguish the 5 forms of IP. Identify the market failures that IP should solve. Explain the basic trade-off between “static efficiency” and “dynamic innovation.” Explain how patents do not always promote innovation. Consider the ethics of IP violation.
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5 types of intellectual “Property” 1. Copyright: various “original forms of expression” including novels, films, musical compositions, and computer software programs. 2. Trademarks: words and symbols that identify for consumers the goods and services supplied by particular firms. e.g. Apple, “iPad”. 3. Trade dress: appearance of a product or its packaging that signify its source to consumers 4. Patents: inventions and some kinds of discoveries. 5. Trade secrets: commercially valuable information (recipes, strategies, etc.) that companies attempt to conceal from their competitors.
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Market failures to be solved 1. Information (including art and inventions) is
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