nep-ipr New Economics Papers
on Intellectual Property Rights
Issue of 2021‒07‒12
two papers chosen by
Giovanni Ramello
Università degli Studi del Piemonte Orientale “Amedeo Avogadro”

  1. Intellectual Property for Economic Development: Issues and Policy Implications By Hall, BH
  2. Information or persuasion in the mortgage market: the role of brand names By Agnese Carella; Valentina Michelangeli

  1. By: Hall, BH
    Abstract: Collection of articles from a conference at the Korean Development Institute on IP and economic development
    Keywords: economic development, patents, technology transfer
    Date: 2021–06–27
  2. By: Agnese Carella (Bank of Italy); Valentina Michelangeli (Bank of Italy)
    Abstract: The role, informative or persuasive, of brand names in driving purchasing decisions is very much under debate. We exploit the rebranding of a mortgage lender to analyse households’ choice behaviour in response to brand popularity. Loan-level data on new mortgages suggest that (1) brand awareness reduces the equilibrium price of residential mortgage contracts and (2) the reduction mainly reflects consumers’ selection of cheaper products due to better information. Our calibrated model implies an overall gain equal to 6 per cent of the initial loan amount and a roughly 10 percentage point increase in the share of households that shift to cheaper lenders.
    Keywords: brand, mortgages, household finance
    JEL: D12 D15 D83 G21 G51
    Date: 2021–06

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