Infringement of Intellectual Property Rights: Causes and Consequences

Konstantinos Giannakas

30 citations0/0 files storedAmerican Journal of Agricultural Economics

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Intellectual Property and Patents Intellectual Property Law Copyright and Intellectual Property

Abstract

Abstract A game‐theoretic model of heterogeneous producers is developed to examine the economic causes and consequences of intellectual property right (IPR) infringement in the context of a small open developing economy. Analytical results show that complete deterrence of IPR infringement is not always economically optimal. IPR infringement affects economic welfare and has important ramifications for the pricing and adoption of the new technology (biotechnology). The quantitative nature of results depends on the labeling regime. If the TRIPs agreement follows the custom of retaliatory sanctions under GATT, IPR enforcement will remain imperfect and innovators' ability to obtain value for their biotech traits will be limited.

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References

1968Crime and Punishment: An Economic Approach 1992Game Theory for Applied Economists 1970The Optimum Enforcement of Laws 1995How trade-related are intellectual property rights?2000Intellectual Property Rights in the Global Economy 1992Distortionary Taxes and the Provision of Public Goods 1999Are weak patent rights a barrier to U.S. exports?1997Intellectual Property Rights and the Welfare Effects of Agricultural R…D

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2010Have developing countries gained from the marriage between trade agreements and intellectual property rights?

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