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First published in print format 2008Ĭambridge University Press has no responsibility for the persistence or accuracy of urls for external or third-party internet websites referred to in this publication, and does not guarantee that any content on such websites is, or will remain, accurate or appropriate.ĭoes Intellectual Monopoly Increase Innovation? Subject to statutory exception and to the provision of relevant collective licensing agreements, no reproduction of any part may take place without the written permission of Cambridge University Press. Levine 2008 This publication is in copyright. LouisĬambridge, New York, Melbourne, Madrid, Cape Town, Singapore, São Paulo Cambridge University Press The Edinburgh Building, Cambridge CB2 8RU, UK Published in the United States of America by Cambridge University Press, New York Information on this title: © Michele Boldrin and David K.
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Levine has published in leading journals such as American Economic Review, Econometrica, Review of Economic Studies, Journal of Political Economy, Journal of Economic Theory, Quarterly Journal of Economics, and American Political Science Review.Īgainst Intellectual Monopoly MICHELE BOLDRIN Washington University in St.
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Author with Drew Fudenberg of Learning in Games and editor of several conference volumes, his research interests include the study of intellectual property and endogenous growth in dynamic general equilibrium models the endogenous formation of preferences, institutions, and social norms and the application of game theory to experimental economics. He is a coeditor of Econometrica and NAJ Economics, president of the Society for Economic Dynamics, a Fellow of the Econometric Society, and a research associate of the National Bureau for Economic Research. Biggs Distinguished Professor of Economics in Arts and Sciences at Washington University in St. He is the coauthor or coeditor of four books and has published in leading journals such as American Economic Review, Econometrica, Review of Economic Studies, Journal of Political Economy, Journal of Economic Theory, Review of Economic Dynamics, Journal of Monetary Economics, and Journal of Economic Dynamics and Control. His research interests include growth, innovation, and business cycles intergenerational and demographic issues public policy institutions and social norms. He is an associate editor of Econometrica, an editor of Review of Economic Dynamics, and an advisory editor of Macroeconomic Dynamics, published by Cambridge University Press. He is a Fellow of the Econometric Society and a Research Fellow at the Center for Economic Pol´ de Estudios de Econom´ıa Aplicada icy Research (London) and at Fundacion (Madrid). Hoyt Distinguished Professor of Economics in Arts and Sciences at Washington University in St. The authors conclude that the only sensible policy to follow is to eliminate the patent and copyright systems as they currently exist. This book broadly covers both copyrights and patents and is designed for a general audience, with its focus on everyday examples.
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So-called intellectual property is in fact an “intellectual monopoly” that hinders rather than helps the competitive free market regime that has delivered wealth and innovation to our doorsteps. Are patents and copyrights essential to thriving creation and innovation? Do we need them so that we all may enjoy fine music and good health? Across time and space the resounding answer is: No. We witness teenagers being sued for “pirating” music, and we observe AIDS patients in Africa dying because of their lack of ability to pay for drugs that are expensively priced by patent holders. “Intellectual property” – patents and copyrights – has become controversial.