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- Title
The Impact of Trademark Counterfeiting On Endogenous Innovation in a Global Economy.
- Authors
Nicholson, Michael W.
- Abstract
Optimal policy concerning intellectual property rights, and in particular trademark protection, focuses on the allocation of scarce resources into production or research and development. This paper models intellectual property in two forms—the knowledge of production (or trade secrets) and the reputation for quality in the trademark. Trademark protection that affects counterfeiting achieves a local welfare maximum in the model at an intermediate level between full protection and no protection, slightly lower than that which maximizes innovation. These results are consistent with WTO policies that set minimum international standards but do not necessarily require harmonization.
- Subjects
INTELLECTUAL property; TRADEMARKS; COMMERCIAL law; TRADE secrets; PRODUCT counterfeiting
- Publication
Journal of Applied Economics & Policy, 2008, Vol 27, Issue 1, p63
- ISSN
0734-4058
- Publication type
Article