Includes bibliographical references (p. 271-286) and index
Electronic reproduction; Available via World Wide Web
Cover; Half-title; Title; Copyright; Contents; Acknowledgments; ONE Introduction; TWO Creation under Competition; THREE Innovation under Competition; FOUR The Evil of Intellectual Monopoly; FIVE The Devil in Disney; SIX How Competition Works; SEVEN Defenses of Intellectual Monopoly; EIGHT Does Intellectual Monopoly Increase Innovation?; NINE The Pharmaceutical Industry; TEN The Bad, the Good, and the Ugly; References; Index
Publisher:
Federal Reserve Bank, Research Dep., Minneapolis
"In the modern theory of growth, monopoly plays a crucial role both as a cause and an effect of innovation. Innovative firms, it is argued, would have insufficient incentive to innovate should the prospect of monopoly power not be present. This...
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ZBW - Leibniz-Informationszentrum Wirtschaft, Standort Kiel
Signature:
W 84 (339)
Inter-library loan:
Unlimited inter-library loan, copies and loan
"In the modern theory of growth, monopoly plays a crucial role both as a cause and an effect of innovation. Innovative firms, it is argued, would have insufficient incentive to innovate should the prospect of monopoly power not be present. This theme of monopoly runs throughout the theory of growth, international trade, and industrial organization. We argue that monopoly is neither needed for, nor a necessary consequence of, innovation. In particular, intellectual property is not necessary for, and may hurt more than help, innovation and growth. We argue that, as a practical matter, it is more likely to hurt"--Federal Reserve Bank of Minneapolis web site
