机构:
Washington Univ, Dept Econ, Fed Reserve Bank St Louis, St Louis, MO 63130 USAWashington Univ, Dept Econ, Fed Reserve Bank St Louis, St Louis, MO 63130 USA
Boldrin, Michele
[1
]
Levine, David K.
论文数: 0引用数: 0
h-index: 0
机构:Washington Univ, Dept Econ, Fed Reserve Bank St Louis, St Louis, MO 63130 USA
Levine, David K.
机构:
[1] Washington Univ, Dept Econ, Fed Reserve Bank St Louis, St Louis, MO 63130 USA
Intellectual property (IP) protection involves a trade-off between the undesirability of monopoly and the desirable encouragement of creation and innovation. Optimal policy depends on the relative strength of these two forces. We give a quantitative assessment of current IP policies. We focus particularly on the scale of the market, showing that as it increases, due either to growth or to the expansion of trade, IP protection should be reduced.