99184 - ECONOMICS OF INTELLECTUAL PROPERTY

Academic Year 2023/2024

  • Teaching Mode: Blended Learning
  • Campus: Bologna
  • Corso: Second cycle degree programme (LM) in Law, Economics and Governance (cod. 5811)

    Also valid for Second cycle degree programme (LM) in Law and Economics (cod. 5913)

Learning outcomes

At the end of the module, students: - have an understanding of types of intellectual property rights, innovation and market failures, private and social value of innovations, and models of R&D investment, and are familiar with the economic policy debate undergirding the reinforcement or weakening of intellectual property; - know how to analyze the drivers of companies’ strategic choices concerning innovation protection.

Course contents

1. Patents, copyrights and trade secrects

2. Market failures: Knowledge as a public good

3. Private and social value of innovations

4. Models of investment in R&D

5. Optimal life of intellectual property right

6. The optimal combination of breadth and length

7. Sequential innovations

8. Complementary innovation

9. Prizes v. intellectual property

10. Trade secrets

Readings/Bibliography

S. Scotchmer, Innovation and incentives, MIT Press, 2004

Teaching methods

Lectures and classes

Assessment methods

Closed-book, written exam

Meaning of the final mark:

<18 failed

18-23 sufficient
24-27 good
28-30 very good
30 e lode excellent

Teaching tools

Lecture slides and lecture notes

Office hours

See the website of Vincenzo Denicolò