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Patent policy regulation and public health

Author

Listed:
  • Anna Rita Bennato

    (Loughborough University)

  • Monica Giulietti

    (Loughborough University)

Abstract

This paper analyzes the impact of the trade-related aspects of intellectual property rights (TRIPS) agreement on social welfare, when the effects on public health are taken into account. In particular, we study how the new international patent policy affects social welfare through the availability of pharmaceutical products. Extending the model developed by Grossman and Lai (Am Econ Rev 94(5):1635–1653, 2004) on optimal patent protection, this paper examines the externality generated by the intellectual property rights enforcement on our definition of public health.

Suggested Citation

  • Anna Rita Bennato & Monica Giulietti, 2019. "Patent policy regulation and public health," Economia e Politica Industriale: Journal of Industrial and Business Economics, Springer;Associazione Amici di Economia e Politica Industriale, vol. 46(4), pages 431-457, December.
    • Handle: RePEc:spr:epolin:v:46:y:2019:i:4:d:10.1007_s40812-019-00131-z
    DOI: 10.1007/s40812-019-00131-z
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    References listed on IDEAS

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    Cited by:

    1. Beth Woods & James Lomas & Mark Sculpher & Helen Weatherly & Karl Claxton, 2024. "Achieving dynamic efficiency in pharmaceutical innovation: Identifying the optimal share of value and payments required," Health Economics, John Wiley & Sons, Ltd., vol. 33(4), pages 804-819, April.

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    More about this item

    Keywords

    Intellectual property rights; Patent law; Health;
    All these keywords.

    JEL classification:

    • F13 - International Economics - - Trade - - - Trade Policy; International Trade Organizations
    • I10 - Health, Education, and Welfare - - Health - - - General
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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