Econ 483_Lecture 12_Optimal IP protection

Lecture 12 optimal design of ip econ483 econ of

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Unformatted text preview: udy obesity) will infringe the patent. Lecture 12: Optimal design of IP, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Intro Length Breadth Optimal policy Breadth as a policy lever Economists have modeled breadth in 2 ways: in "product space": how "similar" a product must be to infringe a patent in "technology space": how costly it is to …nd a noninfringing substitute for the protected market Lecture 12: Optimal design of IP, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Intro Length Breadth Optimal policy - If there is horizontal competition, the size of the market for the patented product depends on the closeness of non-infringing substitutes. Lecture 12: Optimal design of IP, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. Intro Length Breadth Optimal policy Say: good 1: the proprietary good, good 2: the possibly infringing good; mc1 = mc2 = 0 The …gures sh...
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This note was uploaded on 03/16/2014 for the course ECON 483 taught by Professor Staff during the Spring '08 term at University of Illinois, Urbana Champaign.

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