2005/10 | LEM Working Paper Series | |
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Intellectual Property Rights and Market Dynamics |
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Fabrizio Cesaroni, Paola Giuri |
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Keywords | ||
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Intellectual property rights, Patents, Patent policy, Open science, Open source
software, Technology commercialisation and diffusion
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JEL Classifications | ||
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O34.
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Abstract | ||
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Two opposite models are currently operating
in the modern economy, the strong intellectual property rights (IPR) model, and
the open source/open science model. They have traditionally been applied to
alternative institutional contexts. The strong IPR model has been associated to
the business environment, while the open science model has been associated to
the academic or research system. More recently, a strengthening of the IPR
system has occurred in the public research system, and open science models have
been adopted in private sectors like the open source software. This paper
discusses these different models and their implications on the innovative
activity of firms and economies, and the market dynamics. One of the main benefits
deriving from a strong IPR system is that it encourages the entry of new
technology-based firms and the commercialisation of technologies in markets for
technologies. At the same time, an increased patent protection is also
associated to potential costs, such as those arising from a excessive
fragmentation of property rights, an abuse of patent protection for strategic
reasons (sleeping and blocking patents), and an increase in litigation costs.
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