IER Lawrence Klein lecture
Subtitle: the case against intellectual monopoly
By: Michele Boldrin and David K. Levine.
Contributors: Levine, David K.
Series: Federal Reserve Bank of Minneapolis, Research Department staff report ;; 339; Staff report (Federal Reserve Bank of Minneapolis. Research Dept. : Online) ;; 339.
Publisher: Federal Reserve Bank of Minneapolis
Published: 2004
Place of publication: [Minneapolis, Minn.]
Language: eng
Format: Electronic resource
Subjects: Monopolies; Technological innovations
Description: "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.
Notes: Also available in print.
Includes bibliographical references.
Title from PDF file as viewed on 11/10/2004.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.