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N: Economic Policy (Hardcover)
David Besanko, David E.M. Sappington, Robert W. Hahn, Ingo Vogelsang
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R6,984
Discovery Miles 69 840
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Ships in 12 - 17 working days
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Examines policy design when the policy maker in imperfectly
informed, focusing on cases where the regulated firm possesses
better information about its technology than the regulator.
Of all the controversies surrounding the current U.S. patent system
- and there are many - the debate over intellectual property rights
in high-technology industries is one of the most strident. Both
software and biotechnology are dynamic, fast growing, and
increasingly important fields. Creating the right incentives for
innovation in these key industries is not just a matter of academic
debate; the issue has real implications for the growth of the
economy. Despite the stakes - or perhaps because of them - the
academic community has reached little consensus on how to spur
innovation in these fields without inhibiting follow-on research or
denying the public access to the fruits of technological change.
Some argue that strong intellectual property rights in these
industries create a "patent thicket" that only the most seasoned
industry veterans can navigate, and even then at great cost. Others
point to the dearth of evidence that patent thickets actually
exist. They make for nice theory, but where is the proof? In this
volume, leading intellectual property scholars tackle these issues.
The authors express their views on how the current system is faring
in the "information age" and how it might be improved. The analysis
focuses on the software and biotechnology sectors and covers both
legal and economic points of view. These chapters make no pretense
of resolving the age-old debate; given the history of the American
strand of the intellectual property rights dispute, which dates
back to the seventeenth century, no definitive end is in sight. But
this volume does offer valuable insights into intellectual property
protection rules in an information economy and provides an
important perspective on how to solve some of the more pressing
issues.
After nearly twenty years of a "less is more" approach to
antitrust, the Department of Justice under the Clinton
administration took action against several major corporations that
rely on financial, transportation, and electronic networks to
support their business -Visa/MasterCard, American Airlines, and
Microsoft. In High Stakes Antitrust, noted scholars with divergent
opinions examine the impact and validity of the Justice
Department's actions. Some believe that it was well within the law
to pursue these companies, while others argue that the
administration exceeded its authority. They all agree, however,
that the impact of the Clinton administration's antitrust policies
will be felt for quite some time.
This pioneering study uses the latest available data to examine the
internationalization of regulation and regulatory reform.
This monograph assesses how the adverse health implications
associated with regulatory costs can affect mortality risk by
considering a broad group of federal regulations.
There is widespread agreement that climate change is a serious
problem. If we fail to regulate greenhouse gases that contribute to
global warming, or use alternative strategies for addressing the
problem, the damages could be significant, and perhaps
catastrophic. After several international meetings in which
nation-states have tried unsuccessfully to address the climate
change problem, there is a sense of frustration and urgency:
frustration at the slow pace at which countries are moving toward
an international agreement to reduce greenhouse gas emissions;
urgency because of the growing evidence that climate change is a
serious problem that should be addressed globally and quickly. This
book takes a close look at the fundamental political and economic
processes driving climate change policy. It identifies
institutional arrangements and policies that are needed to design
more effective climate change policy. It also examines ethical and
distributional arguments that are critical in understanding and
framing the climate debate. The book is built around a conference
honouring Tom Schelling that took place at the Sustainable
Consumption Institute at The University of Manchester. Each chapter
represents a significant contribution to the literature on the
political economy of climate change.
"Antitrust law is intended to protect consumer welfare and foster
competition. At first glance, however, it is often unclear whether
certain business practices have positive or detrimental effects.
Businesses frequently engage in activities that may appear
anticompetitive on the surface, but are actually beneficial to
consumers. Business tying practices, for example, make the sale of
one product conditional upon the sale of another product. This
practice can either deprive consumers of choice and drive up prices
or lower costs and improve convenience. Therefore, it is critical
that policymakers have a keen understanding of which vertical
restraints-limitations imposed on businesses by firms located in
the production chain-are likely to harm consumers more than they
benefit competition. In order to formulate economically efficient
policies, they must be able to identify and limit those practices
that are likely to do more harm than good. In A ntitrust Policy and
Vertical Restraints a group of leading scholars takes a hard look
at how restraints limit the conditions under which firms may
purchase, sell, or resell a good or service. The authors,
representing both sides of the antitrust debate over tying
practices, provide a uniquely broad perspective on this critical
economic policy issue. Contributors include Dennis Carlton
(University of Chicago), David Evans (University College London),
Bruce Kobayashi (George Mason University), and Michael Waldman
(Cornell University). "
Can open source software --software that is usually available
without charge and that individuals are free to modify --survive
against the fierce competition of proprietary software, such as
Microsoft Windows? Should the government intervene on its behalf?
This book addresses a host of issues raised by the rapid growth of
open source software, including government subsidies for research
and development, government procurement policy, and patent and
copyright policy. Contributors offer diverse perspectives on a
phenomenon that has become a lightning rod for controversy in the
field of information technology. Contributors include James Bessen
(Research on Innovation), David S. Evans (National Economic
Research Associates), Lawrence Lessig (Stanford University),
Bradford L. Smith (Microsoft Corporation), and Robert W. Hahn
(director, AEI-Brookings Joint Center).
The papers contained in this volume use economic theory to analyze
the key issues of health and environmental risk management, showing
how the policy process can be improved through the application of
sound principles from economics and the natural sciences.
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