Dey, Apurva, Kaushik, Arun Kumar and Pal, Rupayan (2020) Probabilistic patents, alternative damage rules, and optimal tariffs. Journal of Institutional and Theoretical Economics, 176 (2). pp. 276-311. ISSN 9324569
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Abstract
This paper analyzes interdependences between optimal trade policy and preferred liability doctrine to assess infringement damages, when intellectual property rights are probabilistic, in a model of import competition between a foreign patentee and a domestic infringer. It shows two reversal results. First, a regime switch from protectionism to free trade reverses stakeholders' preferences over liability doctrines. Second, the optimal trade policy changes from an import tariff under the lost-profit rule to import subsidization under the unjust-enrichment rule, unless the patent is weak. It is found that free trade is not optimal, except for a few knife-edge cases.
Item Type: | Article |
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Keywords: | Probabilistic Intellectual Property Rights | Infringement | Damage Rules | Import Competition | Trade Policy | |
Subjects: | Social Sciences and humanities > Social Sciences > Law and Legal Studies |
JGU School/Centre: | Jindal School of Liberal Arts & Humanities |
Depositing User: | Amees Mohammad |
Date Deposited: | 30 Dec 2021 05:55 |
Last Modified: | 18 Jan 2022 06:48 |
Official URL: | https://doi.org/10.1628/jite-2020-0001 |
URI: | https://pure.jgu.edu.in/id/eprint/464 |
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