B0034 - THE ECONOMICS OF INTELLECTUAL PROPERTY RIGHTS

Academic Year 2023/2024

  • Teaching Mode: Traditional lectures
  • Campus: Bologna
  • Corso: Second cycle degree programme (LM) in Law and Economics (cod. 5913)

    Also valid for Second cycle degree programme (LM) in Law, Economics and Governance (cod. 5811)

Learning outcomes

At the end of the module, students will have acquired an understanding of how intellectual property rights work and what objectives policymakers may pursue when designing intellectual property. Students will also have an understanding of how firms can strategically exploit intellectual property rights to get a competitive advantage over rivals.

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