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Intellectual Property And The Economics Of Product Differentiation
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Book Synopsis Intellectual Property and the Economics of Product Differentiation by : Christopher S. Yoo
Download or read book Intellectual Property and the Economics of Product Differentiation written by Christopher S. Yoo and published by . This book was released on 2018 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The literature applying the economics of product differentiation to intellectual property has been called the most important development in the economic analysis of IP in years. Relaxing the assumption that products are homogeneous yields new insights by explaining persistent features of IP markets that the traditional approaches cannot, challenging the extent to which IP allows rightsholders to earn monopoly profits, allowing for sources of welfare outside of price-quantity space, which in turn opens up new dimensions along which intellectual property can compete. It also allows for equilibria with different welfare characteristics, making the tendency towards systematic underproduction more contingent and suggesting a broader range of policy options for promoting optimality. This Chapter reviews the economics of product differentiation, examining both the monopolistic competition and spatial competition lines of this scholarship. It then surveys the literature applying these approaches to patent, copyright, and trademark.
Book Synopsis Essays on Intellectual Property Rights and Product Differentiation by : Teyu Chou
Download or read book Essays on Intellectual Property Rights and Product Differentiation written by Teyu Chou and published by . This book was released on 1996 with total page 256 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Research Handbook on the Economics of Intellectual Property Law by : Ben Depoorter
Download or read book Research Handbook on the Economics of Intellectual Property Law written by Ben Depoorter and published by Edward Elgar Publishing. This book was released on 2019 with total page 1504 pages. Available in PDF, EPUB and Kindle. Book excerpt: Both law and economics and intellectual property law have expanded dramatically in tandem over recent decades. This field-defining two-volume Handbook, featuring the leading legal, empirical, and law and economics scholars studying intellectual property rights, provides wide-ranging and in-depth analysis both of the economic theory underpinning intellectual property law, and the use of analytical methods to study it.
Book Synopsis The Economics of Intellectual Property Rights for Design by :
Download or read book The Economics of Intellectual Property Rights for Design written by and published by . This book was released on 1995 with total page 212 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis Trademarks As Sources of Market Power by : P. Sean Morris
Download or read book Trademarks As Sources of Market Power written by P. Sean Morris and published by . This book was released on 2017 with total page 94 pages. Available in PDF, EPUB and Kindle. Book excerpt: This article defines the notion of market power and how in conjunction with trademark rights give rise to elements that are deemed anticompetitive in a free market society. I will use legal arguments to consider how important developments in antitrust economics, particular, product differentiation and monopolistic competition have contributed to other developments in the intellectual property/antitrust divide. My goal is to demonstrate that once a better picture of market power is developed, trademarks which are used as a form of differentiation are a source of market power. In the paper, I examine product differentiation and its relationship to trademarks by using the path breaking theoretical work of Chamberlin's Theory of Monopolistic Competition (1933). A key goal in this paper is to demonstrate that “most prices involves monopoly elements” and are “mingled in various ways with competition,” as Chamberlin (2nd Edition, p.15), similarly developed in his work. I use a number of cases in the field of trademarks to underscore the key points in my argument that trademarks are a source of market power. These case developments, I argue, contributes to the monopolistic tendencies of trademarks and such tendencies are associated with the theory on market power and product differentiation. To underscore my arguments even further, I examine the ABI Beer Corporation and their various trademarks/brands to determine if such brands are a source of market power and effectively give ABI a monopoly on the beer market. Another crucial discussion in the paper to support my thesis is on product hopping in pharmaceuticals. I then develop a theory of branded monopoly and suggest that there is a need for a new direction in trademarks and antitrust law. If recognizing that trademarks are a source of market power, and hence, a core concern for antitrust law and policy, then the legal foundations of the current trademark system would need a radical redesign. If on the other hand, recognizing that trademarks are a source of market power, but does not conflict with antitrust law, and antitrust enforcers are to ignore conducts such as barriers to entry, then antitrust law and trademark law can continue to co-exist in the current system, but would be on dubious grounds.
Book Synopsis Global Dimensions of Intellectual Property Rights in Science and Technology by : National Research Council
Download or read book Global Dimensions of Intellectual Property Rights in Science and Technology written by National Research Council and published by National Academies Press. This book was released on 1993-02-01 with total page 457 pages. Available in PDF, EPUB and Kindle. Book excerpt: As technological developments multiply around the globeâ€"even as the patenting of human genes comes under serious discussionâ€"nations, companies, and researchers find themselves in conflict over intellectual property rights (IPRs). Now, an international group of experts presents the first multidisciplinary look at IPRs in an age of explosive growth in science and technology. This thought-provoking volume offers an update on current international IPR negotiations and includes case studies on software, computer chips, optoelectronics, and biotechnologyâ€"areas characterized by high development cost and easy reproducibility. The volume covers these and other issues: Modern economic theory as a basis for approaching international IPRs. U.S. intellectual property practices versus those in Japan, India, the European Community, and the developing and newly industrializing countries. Trends in science and technology and how they affect IPRs. Pros and cons of a uniform international IPRs regime versus a system reflecting national differences.
Book Synopsis Competitive Strategies for the Protection of Intellectual Property by : Fraser Institute (Vancouver, B.C.)
Download or read book Competitive Strategies for the Protection of Intellectual Property written by Fraser Institute (Vancouver, B.C.) and published by The Fraser Institute. This book was released on 1999 with total page 13 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economics of Intellectual Property. Suggestions for Further Research in Developing Countries and Countries with Economies in Transition by : World Intellectual Property Organization
Download or read book The Economics of Intellectual Property. Suggestions for Further Research in Developing Countries and Countries with Economies in Transition written by World Intellectual Property Organization and published by WIPO. This book was released on 2009-01-01 with total page 230 pages. Available in PDF, EPUB and Kindle. Book excerpt: The series of papers in this publication were commissioned from renowned international economists from all regions. They review the existing empirical literature on six selected themes relating to the economics of intellectual property, identify the key research questions, point out research gaps and explore possible avenues for future research.
Book Synopsis The Economic Structure of Intellectual Property Law by : William M. LANDES
Download or read book The Economic Structure of Intellectual Property Law written by William M. LANDES and published by Harvard University Press. This book was released on 2009-06-30 with total page 449 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book takes a fresh look at the most dynamic area of American law today, comprising the fields of copyright, patent, trademark, trade secrecy, publicity rights, and misappropriation. Topics range from copyright in private letters to defensive patenting of business methods, from moral rights in the visual arts to the banking of trademarks, from the impact of the court of patent appeals to the management of Mickey Mouse. The history and political science of intellectual property law, the challenge of digitization, the many statutes and judge-made doctrines, and the interplay with antitrust principles are all examined. The treatment is both positive (oriented toward understanding the law as it is) and normative (oriented to the reform of the law). Previous analyses have tended to overlook the paradox that expanding intellectual property rights can effectively reduce the amount of new intellectual property by raising the creators' input costs. Those analyses have also failed to integrate the fields of intellectual property law. They have failed as well to integrate intellectual property law with the law of physical property, overlooking the many economic and legal-doctrinal parallels. This book demonstrates the fundamental economic rationality of intellectual property law, but is sympathetic to critics who believe that in recent decades Congress and the courts have gone too far in the creation and protection of intellectual property rights. Table of Contents: Introduction 1. The Economic Theory of Property 2. How to Think about Copyright 3. A Formal Model of Copyright 4. Basic Copyright Doctrines 5. Copyright in Unpublished Works 6. Fair Use, Parody, and Burlesque 7. The Economics of Trademark Law 8. The Optimal Duration of Copyrights and Trademarks 9. The Legal Protection of Postmodern Art 10. Moral Rights and the Visual Artists Rights Act 11. The Economics of Patent Law 12. The Patent Court: A Statistical Evaluation 13. The Economics of Trade Secrecy Law 14. Antitrust and Intellectual Property 15. The Political Economy of Intellectual Property Law Conclusion Acknowledgments Index Reviews of this book: Chicago law professor William Landes and his polymath colleague Richard Posner have produced a fascinating new book...[The Economic Structure of Intellectual Property Law] is a broad-ranging analysis of how intellectual property should and does work...Shakespeare's copying from Plutarch, Microsoft's incentives to hide the source code for Windows, and Andy Warhol's right to copyright a Brillo pad box as art are all analyzed, as is the question of the status of the all-bran cereal called 'All-Bran.' --Nicholas Thompson, New York Sun Reviews of this book: Landes and Posner, each widely respected in the intersection of law and economics, investigate the right mix of protection and use of intellectual property (IP)...This volume provides a broad and coherent approach to the economics and law of IP. The economics is important, understandable, and valuable. --R. A. Miller, Choice Intellectual property is the most important public policy issue that most policymakers don't yet get. It is America's most important export, and affects an increasingly wide range of social and economic life. In this extraordinary work, two of America's leading scholars in the law and economics movement test the pretensions of intellectual property law against the rationality of economics. Their conclusions will surprise advocates from both sides of this increasingly contentious debate. Their analysis will help move the debate beyond the simplistic ideas that now tend to dominate. --Lawrence Lessig, Stanford Law School, author of The Future of Ideas: The Fate of the Commons in a Connected World An image from modern mythology depicts the day that Einstein, pondering a blackboard covered with sophisticated calculations, came to the life-defining discovery: Time = $$. Landes and Posner, in the role of that mythological Einstein, reveal at every turn how perceptions of economic efficiency pervade legal doctrine. This is a fascinating and resourceful book. Every page reveals fresh, provocative, and surprising insights into the forces that shape law. --Pierre N. Leval, Judge, U.S. Court of Appeals, Second Circuit The most important book ever written on intellectual property. --William Patry, former copyright counsel to the U.S. House of Representatives, Judiciary Committee Given the immense and growing importance of intellectual property to modern economies, this book should be welcomed, even devoured, by readers who want to understand how the legal system affects the development, protection, use, and profitability of this peculiar form of property. The book is the first to view the whole landscape of the law of intellectual property from a functionalist (economic) perspective. Its examination of the principles and doctrines of patent law, copyright law, trade secret law, and trademark law is unique in scope, highly accessible, and altogether greatly rewarding. --Steven Shavell, Harvard Law School, author of Foundations of Economic Analysis of Law
Book Synopsis Economic Approaches to Intellectual Property Policy, Litigation, and Management by : Gregory K. Leonard
Download or read book Economic Approaches to Intellectual Property Policy, Litigation, and Management written by Gregory K. Leonard and published by . This book was released on 2005 with total page 420 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economics of Intellectual Property in a World Without Frontiers by : Meheroo Jussawalla
Download or read book The Economics of Intellectual Property in a World Without Frontiers written by Meheroo Jussawalla and published by . This book was released on 1989 with total page 132 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Think Consumer written by Jamil Ammar and published by Cambridge Scholars Publishing. This book was released on 2011-01-18 with total page 235 pages. Available in PDF, EPUB and Kindle. Book excerpt: The availability of a wide range of branded products makes the selection of the right type of goods a difficult process. This is particularly true in the case of goods whose characteristics consumers do not have complete information about, which they can only learn about after purchasing (experiencing goods). A trade mark quality guarantee facilitates consumers’ choice by sending quality signals. It also enables a trader of branded goods to differentiate the quality of his goods from those of his competitors. Accordingly, trade mark protection is said to enhance economic efficiency, and thus the production of quality goods, and reduce consumer search costs. In order for this to work, however, among other conditions, the trader must maintain consistent quality over time and across consumers. Otherwise, trade mark protection will enhance artificial product differentiation, and thus distort competition. To date, despite its profound significance, the quality guarantee is seen as performing an economic function that trade mark law is ill equipped to deal with. As a result, this function is not enforced under trade mark law. Contrary to mainstream thinking, this book argues that the quality function of a trade mark should be recognised and enforced through trade mark law. What is at stake is far from insignificant: it is about bridging the ever increasing gap between the legal rationales for trade mark protection and the economic consequences of this protection in practice. The book is also about how consumers should shape their relationship with trade marks and what role law should play in constructing that relationship. By giving independent legal substance to the quality function, trade mark law encourages a trader to improve the quality of his goods instead of simply improving the persuasive or advertising value of the mark, which, in turn, enhances artificial product differentiation, increases rather than decreases consumer search costs, and distorts competition.
Book Synopsis Intellectual Property and Market Freedom by : Adrian Sterling
Download or read book Intellectual Property and Market Freedom written by Adrian Sterling and published by . This book was released on 1997 with total page 236 pages. Available in PDF, EPUB and Kindle. Book excerpt: This second volume in the Perspectives in Intellectual Property Series looks at the economics of intellectual property rights and their interaction with market freedom. It aims to review the inherent contradiction between the monopolistic character of IP on the one hand and the common perception that it is a pre-requisite of competition.
Book Synopsis Intellectual Property And Economic Development by : Robert M Sherwood
Download or read book Intellectual Property And Economic Development written by Robert M Sherwood and published by Routledge. This book was released on 2019-04-10 with total page 178 pages. Available in PDF, EPUB and Kindle. Book excerpt: Speaking very roughly, countries with advanced economies tend to be those displaying intellectual property protection systems in which the public has a basic degree of confidence. Those systems, when they are thought about at all rather than taken for granted, are thought of as reasonably effective in safeguarding innovation and creative expression
Book Synopsis Intellectual Property Rights in the Global Economy by : Keith Eugene Maskus
Download or read book Intellectual Property Rights in the Global Economy written by Keith Eugene Maskus and published by Peterson Institute. This book was released on 2000 with total page 296 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Book Synopsis The Economic Theory of Product Differentiation by : John Beath
Download or read book The Economic Theory of Product Differentiation written by John Beath and published by Cambridge University Press. This book was released on 1991-02-22 with total page 220 pages. Available in PDF, EPUB and Kindle. Book excerpt: There are few industries in modern market economies that do not manufacture differentiated products. This book provides a systematic explanation and analysis of the widespread prevalence of this important category of products. The authors concentrate on models in which product selection is endogenous. In the first four chapters they consider models that try to predict the level of product differentiation that would emerge in situations of market equilibrium. These market equilibria with differentiated products are characterised and then compared with social welfare optima. Particular attention is paid to the distinction between horizontal and vertical differentiation as well as to the related issues of product quality and durability. This book brings together the most important theoretical contributions to these topics in a succinct and coherent manner. One of its major strengths is the way in which it carefully sets out the basic intuition behind the formal results. It will be useful to advanced undergraduate and graduate students taking courses in industrial economics and microeconomic theory.
Book Synopsis Counterfeit Goods and Income Inequality by : Stefania Scandizzo
Download or read book Counterfeit Goods and Income Inequality written by Stefania Scandizzo and published by International Monetary Fund. This book was released on 2001 with total page 28 pages. Available in PDF, EPUB and Kindle. Book excerpt: The standard argument for intellectual property rights (IPR) protection is that there is a trade-off between the need to concede monopoly power as an incentive for innovation, and the loss in consumer surplus such a concession entails. From strictly the consumers' point of view, imitation is a good thing mainly because it reduces such monopoly power.