Sudipto Bhattacharya, Sergei Guriev, 09 November 2007

Patenting has soared in recent decades, but much intermediate knowledge is protected by industrial secrecy, so relaxing patent protection must impact the secrecy option. Recent research suggests that the relationship between patent protection and knowledge transmission is hump-shaped and sector-specific. This suggests that patent protection standards should be sector-specific.

Antonio Cabrales, 21 June 2007

Regulating prices in the pharmaceutical markets can be rather ineffective from a welfare-enhancing viewpoint and the US, despite its complaints, does not seem to have significantly higher prices than other countries with similar income levels.

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