2006
DOI: 10.2139/ssrn.958830
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Patents and Innovation: Friends or Foes?

Abstract: François Lévêque has been regularly commissioned by the French government, OECD and the European Commission to undertake consultancy and participate to advisory committees. François Lévêque has founded Microeconomix, a Paris-based boutique specialised in economic analysis of legal disputes. François Lévêque is member of the French Council on Intellectual Property.

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Cited by 14 publications
(5 citation statements)
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References 108 publications
(139 reference statements)
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“…Throughout the course of patent law history, and especially in modern times, inventors are seeking to protect their intellectual property from illegal competition as a means to increase profitability for a limited time 217 . However, the question of whether patents accelerate or restrict innovation has not been brought up for discussion 218 . A different, yet no less controversial, debate arises during global emergencies (such as wars or pandemics) over patent waiver.…”
Section: Bottom-up Preparation Methodsmentioning
confidence: 99%
“…Throughout the course of patent law history, and especially in modern times, inventors are seeking to protect their intellectual property from illegal competition as a means to increase profitability for a limited time 217 . However, the question of whether patents accelerate or restrict innovation has not been brought up for discussion 218 . A different, yet no less controversial, debate arises during global emergencies (such as wars or pandemics) over patent waiver.…”
Section: Bottom-up Preparation Methodsmentioning
confidence: 99%
“…An overview of general law and economics literature on the patent bargain offers neutral to negative support for such a claim. 179 The patent bargain, which provides the utilitarian justification of patent rights, namely that a private monopoly right is justified for the public good, requires calculation of values that are difficult to quantify. 180 Landes and Posner, in their economic analysis of IP law, remark: '[W]hether the benefits exceed the costs is impossible to answer with confidence on the basis of present knowledge.'…”
Section: Analysing the Argument That The Trips Waiver Will Weaken Innovation Incentivesmentioning
confidence: 99%
“…Analysts are therefore quick to point out that the market advantage of patent exclusivity spurs pharmaceutical companies to invest further in other research ventures (Grabowski, , p. 849; Levin, Klevorick, Richard, Nelson, & Winter, , p. 783) . By conferring a temporal “exclusive market position,” (Leveque & Ménière, , p. 10) inventors and investors can recover spending costs and also benefit through profits from sales which provide the capital to reinvest in other medicinal R&D undertakings (PhRMA, 2015, pp. 26–29).…”
Section: Part Ii: Patents the Trips Agreement And Access To Essentimentioning
confidence: 99%
“…Third, having invested financially and undertaken the risk associated with the development and research of a new drug, a patent secures the inventor's interest against imitation and commercial appropriation of inventive results, because new drugs can quickly be reverse engineered and reproduced in bulk (Leveque & Ménière, , p. 21; Scherer, , p. 8). This argument leads commentators to point out that a patent is significant to pharmaceutical firms because it is an effective tool to ward off and control competition (Bessen & Meurer, , p. 10; Shadlen et al, , p. 2) .…”
Section: Part Ii: Patents the Trips Agreement And Access To Essentimentioning
confidence: 99%