منابع مشابه
Dynamic protection of innovations through patents and trade secrets
This paper analyzes the optimal protection strategy for an innovator of a complex innovation who faces the risk of imitation by a competitor. We suppose that the innovation can be continuously fragmented into sub-innovations. We characterize the optimal mix of patent and trade secrets when the innovator faces a strict novelty requirement and can only patent a fraction of the innovation once. We...
متن کاملLaw and Innovation: Evidence from the Uniform Trade Secrets Act
Most research and policy on protecting innovation focus on patents. Yet, almost all technology managers report secrecy to be more important than patents. Here, I show theoretically that stronger secrecy laws could increase or reduce R&D. By reducing spillovers, secrecy laws might reduce or raise the return to R&D, depending on whether spillover and own R&D are complements or substitutes. By str...
متن کاملSecrets of the Trade
President Obama has discovered first-hand how difficult wrangling the interests of a dozen nations can be. For six years, the Trans-Pacific Partnership (TPP) has been in negotiations and might prove to be Obama’s crowning foreign policy achievement. If the 12-nation Free Trade Agreement (FTA) passes, it will shape the future of economic development in the Asia-Pacific and cement the U.S. as the...
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ژورنال
عنوان ژورنال: International Review of Law and Economics
سال: 2011
ISSN: 0144-8188
DOI: 10.1016/j.irle.2011.07.002