EconPapers    
Economics at your fingertips  
 

Optimal Patent Protection: A Macroeconomic Perspective

Meng Samuel ()
Additional contact information
Meng Samuel: University of New England, Armidale, New South Wales 2351, Australia

Asian Journal of Law and Economics, 2017, vol. 8, issue 2, 16

Abstract: The need to balance the positive and negative effects of patent monopoly is at the heart of design and reform of the patent system. However, by scrutinizing prior studies on optimal patent design, this paper has found that the basis for this balanced approach is flawed. Furthermore, a macroeconomic analysis of the patent system confirms that there is no trade-off in patent protection, unless the patent system generates only marginal negative effects. The implication of this finding is that a new patent system design is needed to stimulate innovation directly while minimizing deadweight loss.

Keywords: deadweight loss; optimal patent design; patent monopoly; social benefit (search for similar items in EconPapers)
JEL-codes: K11 K12 K23 (search for similar items in EconPapers)
Date: 2017
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed

Downloads: (external link)
https://www.degruyter.com/view/j/ajle.2017.8.issue ... -0021.xml?format=INT (text/html)
For access to full text, subscription to the journal or payment for the individual article is required.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:bpj:ajlecn:v:8:y:2016:i:2:p:16:n:3

Ordering information: This journal article can be ordered from
https://www.degruyter.com/view/j/ajle

Access Statistics for this article

Asian Journal of Law and Economics is currently edited by Noriyuki Yanagawa

More articles in Asian Journal of Law and Economics from De Gruyter
Series data maintained by Peter Golla ().

 
Page updated 2017-09-29
Handle: RePEc:bpj:ajlecn:v:8:y:2016:i:2:p:16:n:3