International protection of intellectual property

Gene M. Grossman, Edwin L.C. Lai

Research output: Contribution to journalArticlepeer-review

Abstract

We study the incentives that governments have to protect intellectual property in a trading world economy. We consider a world economy with ongoing innovation in two countries that differ in market size and in their capacity for innovation. After describing the determination of national patent policies in a noncooperative regime of patent protection, we ask, "Why is intellectual property better protected in the North than in the South?" We also study international patent agreements by deriving the properties of an efficient global regime of patent protection and asking whether harmonization of patent policies is necessary or sufficient for global efficiency.

Original languageAmerican English
Pages (from-to)1635-1653
Number of pages19
JournalAmerican Economic Review
Volume94
Issue number5
DOIs
StatePublished - Dec 2004

ASJC Scopus subject areas

  • Economics and Econometrics

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