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2003 Lawrence R. Klein Lecture The Case Against Intellectual Monopoly

Author

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  • Michele Boldrin
  • David K. Levine

Abstract

In the modern theory of growth, monopoly plays a crucial role both as a cause and an effect of innovation. Innovative firms, it is argued, would have insufficient incentive to innovate should the prospect of monopoly power not be present. This theme of monopoly runs throughout the theory of growth, international trade, and industrial organization. We argue that monopoly is neither needed for, nor a necessary consequence of innovation. In particular, intellectual property is not necessary for, and may hurt more than help, innovation and growth. We argue that, as a practical matter, it is more likely to hurt. Copyright 2004 by the Economics Department Of The University Of Pennsylvania And Osaka University Institute Of Social And Economic Research Association.

Suggested Citation

  • Michele Boldrin & David K. Levine, 2004. "2003 Lawrence R. Klein Lecture The Case Against Intellectual Monopoly," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 45(2), pages 327-350, May.
    • Handle: RePEc:ier:iecrev:v:45:y:2004:i:2:p:327-350
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    Cited by:

    1. repec:spo:wpecon:info:hdl:2441/10121 is not listed on IDEAS
    2. Sami Alpanda & Adrian Peralta-Alva, 2010. "Oil Crisis, Energy-Saving Technological Change and the Stock Market Crash of 1973-74," Review of Economic Dynamics, Elsevier for the Society for Economic Dynamics, vol. 13(4), pages 824-842, October.
    3. Michele Boldrin & David K Levine, 2005. "IP and Market Size," Levine's Working Paper Archive 618897000000000836, David K. Levine.
    4. Michele Boldrin & David K. Levine, 2009. "Market Size And Intellectual Property Protection," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 50(3), pages 855-881, August.
    5. Caner Demir & Aykut Lenger, 2019. "Intellectual property rights and global imitation chains: the north–south–east model," Economia Politica: Journal of Analytical and Institutional Economics, Springer;Fondazione Edison, vol. 36(2), pages 549-569, July.
    6. Olaf, POSCH & Klaus, WAELDE, 2005. "Natural volatility, welfare and taxation," Discussion Papers (ECON - Département des Sciences Economiques) 2005009, Université catholique de Louvain, Département des Sciences Economiques.
    7. Michele Boldrin & David K Levine, 2014. "Intellectual Property," Levine's Working Paper Archive 786969000000000990, David K. Levine.
    8. Charity Ruramai Nhemachena & Johann F. Kirsten & Binganidzo Muchara, 2019. "The Effects of Plant Breeders’ Rights on Wheat Productivity and Varietal Improvement in South African Agriculture," Sustainability, MDPI, vol. 11(12), pages 1-16, June.
    9. Joshua Pearce, 2018. "Sponsored Libre Research Agreements to Create Free and Open Source Software and Hardware," Post-Print hal-02111369, HAL.
    10. Liebowitz, Stan J, 2006. "File Sharing: Creative Destruction or Just Plain Destruction?," Journal of Law and Economics, University of Chicago Press, vol. 49(1), pages 1-28, April.
    11. Heikkinen, I.T.S. & Savin, H. & Partanen, J. & Seppälä, J. & Pearce, J.M., 2020. "Towards national policy for open source hardware research: The case of Finland," Technological Forecasting and Social Change, Elsevier, vol. 155(C).
    12. Emeric Henry & Carlos J. Ponce, 2008. "Waiting to Copy: On the Dynamics of the Market for Technology," Levine's Working Paper Archive 814577000000000030, David K. Levine.
    13. Anthony Creane, 2009. "Socially excessive dissemination of patent licences," Canadian Journal of Economics, Canadian Economics Association, vol. 42(4), pages 1578-1598, November.
    14. David K Levine, 2018. "Imitation," Levine's Working Paper Archive 786969000000001441, David K. Levine.
    15. Michele Boldrin & David K Levine, 2004. "The Economics of Ideas and Intellectual Property," Levine's Working Paper Archive 122247000000000631, David K. Levine.
    16. Emeric Henry & Carlos J. Ponce, 2008. "Waiting to Copy: On the Dynamics of the Market for Technology," Levine's Working Paper Archive 814577000000000030, David K. Levine.
    17. repec:hal:wpspec:info:hdl:2441/10121 is not listed on IDEAS
    18. George Selgin & John L. Turner, 2011. "Strong Steam, Weak Patents, or the Myth of Watt's Innovation-Blocking Monopoly, Exploded," Journal of Law and Economics, University of Chicago Press, vol. 54(4), pages 841-861.
    19. Boldrin, Michele & Levine, David K., 2005. "Innováció - a verseny szemszögéből [Innovation: the competitive view]," Közgazdasági Szemle (Economic Review - monthly of the Hungarian Academy of Sciences), Közgazdasági Szemle Alapítvány (Economic Review Foundation), vol. 0(6), pages 537-555.
    20. repec:hal:spmain:info:hdl:2441/10121 is not listed on IDEAS
    21. Vincenzo Denicolò & Piercarlo Zanchettin, 2017. "Speculative Profits, Innovation, And Growth," Economic Inquiry, Western Economic Association International, vol. 55(1), pages 160-174, January.
    22. Michele Boldrin & David K. Levine, 2006. "Growth and Intellectual Property," NBER Working Papers 12769, National Bureau of Economic Research, Inc.

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