Regional exhaustion of intellectual property

Kamal Saggi ()

International Journal of Economic Theory, 2014, vol. 10, issue 1, 125-137

Abstract: type="main" xml:lang="en">

This paper analyzes the causes and consequences of regional exhaustion of intellectual property, a discriminatory policy under which a set of countries permit parallel imports from one another but not from the rest of the world. A three-country model is developed in which two high-income countries jointly choose their common exhaustion policy among national (NE), international (IE), or regional exhaustion (RE). The two high-income countries implement RE when they are similar to each other and sufficiently high-income relative to the third country. Restricting their choice set to only non-discriminatory exhaustion policies (i.e., NE and IE) makes all countries worse off.

Date: 2014
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Working Paper: The regional exhaustion of intellectual property (2013)
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