Masayuki Morikawa, 03 July 2017

Occupational licensing is a common solution to the information asymmetry that exists in many professions and services. Using original survey data from Japan, this column examines how occupational licensing affects labour participation and wages. A majority of respondents are found to possess occupational licenses, and licensing is positively associated with labour force participation, particularly amongst women and the elderly.

Martin Watzinger, Thomas Fackler, Markus Nagler, Monika Schnitzer, 19 February 2017

There is growing concern that dominant companies use patents strategically to keep competitors from entering their market. This column uses the landmark 1956 Consent Decree against Bell Labs to explore whether antitrust enforcement is an effective remedy to the problem. Results show that patents can indeed be used as an entry barrier for start-up firms, and that the compulsory licensing of patents can foster market entry and innovation. However, compulsory licensing is found to be ineffective in markets where dominant firms have other means of market foreclosure.

Monika Schnitzer, 30 September 2016

How do patents affect innovation? In this video, Monika Schnitzer uses the example of Bell labs to explain how compulsory licensing leads to more innovation. This video was recorded during the European Economic Association's Congress held in Geneva at the end of August 2016. 

Ashish Arora, Andrea Fosfuri, Thomas Rønde, 10 July 2012

Over the last decade, companies have paid greater attention to the management of their intellectual assets. We build a model that helps understand how licensing activity should be organized within large corporations.


CEPR Policy Research