nep-ipr New Economics Papers
on Intellectual Property Rights
Issue of 2015‒11‒01
four papers chosen by
Giovanni Ramello
Università degli Studi del Piemonte Orientale “Amedeo Avogadro”

  1. INTELLECTUAL PROPERTY. By Igerta Bengu; Brunela Kullolli
  2. Quantifying the Effects of Patent Protection on Innovation, Imitation, Growth, and Aggregate Productivity By Pedro Bento
  3. Patent collateral, investor commitment, and the market for venture lending By Rosemarie Ziedonis; Carlos Serrano; Yael Hochberg
  4. Roadblock to Innovation: The Role of Patent Litigation in Corporate R&D By Filippo Mezzanotti

  1. By: Igerta Bengu (The District Court of Fier); Brunela Kullolli (“Aleksander Moisiu” University of Durres)
    Abstract: This article analysis the historical perspectives of copyright – The first part gives, the birth and development of copyright in Albania. The birth and development of copyright in Europe(The copyright in France and Dhe copyright in Italy) The second part is concentrated to the concept of copyright began to focus particularly on the study of the constituent elements of copyright, the object, subject and content.-The third part gives, legislative responses to copyright. The legal protection of copyright offered by the Albanian laws, the legal protection in civil terms, the legal protection in administrative terms and the legal protection in criminal terms.- The Fourth part treats copyright in the light of the European union. Conventions and agreements on international plan. Approximation of Albanian legislation in the area of copyright.The Stabilisation and Association process- preparation for integration in EU and the Stabilization and Association Agreement of Albania with EU.Conclusions Copyright and related rights, as objects of law, specifically regulated by legal norms, are relatively new, not only inAlbania, but also in the world. The copyright is protected in international law for more than 200 years. It provides the economic basis for the creation and distribution of musical works,literary, artistic, movies, computer programs and other forms of expression creative. The law of copyright is part of wider legislation, known as intellectual property. Intellectual property rights protect the interests of creators by giving them property rights over their creations. The legal regulation of copyright is not only an aspect of the national law of each State, but is also subject to the codification of international agreements between the States that have signed these agreements. In this way the legal regulation of copyright has taken international dimensions.
    Keywords: copyright, comparative law, development of copyright, Stabilisation, European union concept of copyright
    JEL: K11
  2. By: Pedro Bento (Texas A&M University, Department of Economics)
    Abstract: I develop a general equilibrium model in which patent protection affects sequential innovation, original innovation, and imitation. Protection increases the cost of working around existing patents, but imposes costs disproportionately for innovators and imitators. Depending on these relative costs, protection can in theory increase or decrease markups, imitation, long-run growth, and aggregate productivity. Using data from several different sources, I calibrate the model and quantitatively assess the effects of patent protection in practice. I find that weakening protection in the U.S. would lead to no change in markups and imitation, no change in long-run growth, a more than doubling of the number of firms, and an increase in aggregate productivity of 11 percent.
    Keywords: patent protection, firm size, productivity, innovation, imitation, competition
    JEL: O1 O3 O4
    Date: 2015–08–01
  3. By: Rosemarie Ziedonis (University of Oregon); Carlos Serrano (Pompeu Fabra University); Yael Hochberg (MIT Sloan School of Management)
    Abstract: The use of debt to finance risky entrepreneurial-firm projects is rife with informational and contracting problems. Nonetheless, we document widespread lending to startups in three innovation-intensive sectors and in early stages of development. At odds with claims that the secondary patent market is too illiquid to shape debt financing, we find that intensified patent trading increases the annual rate of startup lending, particularly for startups with more redeployable (less firm-specific) patent assets. Exploiting differences in venture capital (VC) fundraising cycles and a negative capital-supply shock in early 2000, we also find that the credibility of VC commitments to refinance and grow fledgling companies is vital for such lending. Our study illuminates friction-reducing mechanisms in the market for venture lending, a surprisingly active but opaque arena for innovation financing, and tests central tenets of contract theory.
    Date: 2015
  4. By: Filippo Mezzanotti
    Date: 2015–10

This nep-ipr issue is ©2015 by Giovanni Ramello. It is provided as is without any express or implied warranty. It may be freely redistributed in whole or in part for any purpose. If distributed in part, please include this notice.
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