Patent Protection and Atomic Energy Legislation

Licensing and Patent Protection

We show the impact of technology licensing on optimal patent policy. Strong patent protection that eliminates imitation may not be the equilibrium outcome in the presence of licensing. Depending on the cost of innovation, licensing may either increase or reduce the strength of the patent protection. We thank an anonymous referee for helpful comments and suggestions. The usual disclaimer applies...

[Radiation-protection legislation in Austria].

Imitation, patent protection and welfare

Once a new technology has been invented, there is a credible threat of imitation when patent protection is strong and imitation cost is low. Within the area of credible imitation, the innovator has an incentive to postpone technology adoption when the cost of imitation is relatively high. The possibility of licensing, however, eliminates or at least reduces the incentive for delayed technology ...

Employment protection legislation, multinational firms and innovation

The theoretical effects of labour regulations such as employment protection legislation (EPL) on innovation is ambiguous, and empirical evidence has thus far been inconclusive. EPL increases job security and the greater enforceability of job contracts may increase worker investment in innovative activity. On the other hand EPL increases adjustment costs faced by firms, and this may lead to unde...

The Effects of Employment Protection Legislation

This paper investigates the effects of employment protection legislation on the rates of worker flows, job reallocation, and churning flows by examining the case of Taiwan. Our study’s empirical identification takes advantage of the natural experiment created by Taiwan’s enactment of Labor Standards Law, which substantially increases the costs of firing an employee, in 1984 and the subsequent m...