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Intellectual Monopoly in Global Value Chains

Cédric Durand () and William Milberg ()
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William Milberg: Department of Economics, New School for Social Research

No 1807, Working Papers from New School for Social Research, Department of Economics

Abstract: More than two decades of scholarship on global value chains (GVCs) has reshaped our understanding of the global economy while tracking the international fragmentation of productive process and its socioeconomic consequences. In this paper we focus on the effort by lead firms to capture market power in the provision of and production of intangible assets. The analysis builds on Pagano’s (2014) notion of “intellectual monopoly”, where government protections of intellectual property have the effect of locking in the monopoly power from intangible asset creation. We extend it to the presence of scale economies and network externalities associated with the production of intangible assets.

Keywords: Global Value Chains; Intellectual Property Rights; Intangible Assets (search for similar items in EconPapers)
JEL-codes: D43 F13 F23 F63 (search for similar items in EconPapers)
Pages: 41 pages
Date: 2018-07
New Economics Papers: this item is included in nep-int, nep-ipr and nep-tid
References: View references in EconPapers View complete reference list from CitEc
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http://www.economicpolicyresearch.org/econ/2018/NSSR_WP_072018.pdf First version, 2018 (application/pdf)

Related works:
Journal Article: Intellectual monopoly in global value chains (2020) Downloads
Working Paper: Intellectual monopoly in global value chains (2019)
Working Paper: Intellectual Monopoly in Global Value Chains (2018) Downloads
Working Paper: Intellectual Monopoly in Global Value Chains (2018) Downloads
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