| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP9212 |
| DP9212 Intellectual Property Rights and Efficient Firm Organization | |
| Giacomo Ponzetto | |
| 发表日期 | 2012-11-11 |
| 出版年 | 2012 |
| 语种 | 英语 |
| 摘要 | I provide a justification of intellectual property rights as a source of static efficiency gains in manufacturing, rather than dynamic benefits from greater innovation. I develop a property-rights model of a supply relationship with two dimensions of non- contractible investment. In equilibrium, the first best is attained if and only if ownership of tangible and intangible assets is equally protected. If IP rights are weaker, the organization of the firm is distorted and efficiency declines: the final producer must either integrate her suppliers, which prompts a decline in their investment; or else risk their defection, which entails a waste of her expertise. My model predicts a greater prevalence of vertically integrated manufacturers where IP rights are weaker, and a switch from integration to outsourcing over the product cycle. Empirical evidence on the international supply chains of multinational companies bears out both predictions. As a normative implication, I find that IP rights should be strong but narrowly defined, to protect a business without holding up non-competing derivative innovations. |
| 主题 | Industrial Organization ; International Trade and Regional Economics ; Public Economics |
| 关键词 | Hold-up problem Intellectual property Licensing Organization Outsourcing Product cycle Property rights Spin-off Vertical integration |
| URL | https://cepr.org/publications/dp9212 |
| 来源智库 | Centre for Economic Policy Research (United Kingdom) |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/538046 |
| 推荐引用方式 GB/T 7714 | Giacomo Ponzetto. DP9212 Intellectual Property Rights and Efficient Firm Organization. 2012. |
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