Compulsory Licensing: Evidence from the Trading with the Enemy Act
Compulsory licensing allows firms in developing countries to produce foreign-owned inventions without the consent of foreign patent owners. This paper uses an exogenous event of compulsory licensing after World War I under the Trading with the Enemy Act to examine the effects of compulsory licensing...
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Published in: | The American economic review 2012-02, Vol.102 (1), p.396-427 |
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Main Authors: | , |
Format: | Article |
Language: | eng |
Subjects: | |
Online Access: | Get full text |
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Summary: | Compulsory licensing allows firms in developing countries to produce foreign-owned inventions without the consent of foreign patent owners. This paper uses an exogenous event of compulsory licensing after World War I under the Trading with the Enemy Act to examine the effects of compulsory licensing on domestic invention. Difference-indifferences analyses of nearly 130,000 chemical inventions suggest that compulsory licensing increased domestic invention by 20 percent. |
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ISSN: | 0002-8282 1944-7981 |