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Growth and welfare effects of intellectual property rights when consumers differ in income


Kiedaisch, Christian (2017). Growth and welfare effects of intellectual property rights when consumers differ in income. Working paper series / Department of Economics 221, University of Zurich.

Abstract

This paper analyzes how changing the expected length of intellectual property (IP) protection affects economic growth and the welfare of rich and poor consumers. The analysis is based on a product-variety model with non-homothetic preferences and endogenous markups in which, in accordance with empirical evidence, rich households consume a larger variety of goods than poorer ones. The effects of IP protection on growth can be either positive or negative, depending on the distribution of income and wealth. Given that increasing the length of IP protection increases growth, poorer households prefer a shorter length of protection than richer ones.

Abstract

This paper analyzes how changing the expected length of intellectual property (IP) protection affects economic growth and the welfare of rich and poor consumers. The analysis is based on a product-variety model with non-homothetic preferences and endogenous markups in which, in accordance with empirical evidence, rich households consume a larger variety of goods than poorer ones. The effects of IP protection on growth can be either positive or negative, depending on the distribution of income and wealth. Given that increasing the length of IP protection increases growth, poorer households prefer a shorter length of protection than richer ones.

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Additional indexing

Item Type:Working Paper
Communities & Collections:03 Faculty of Economics > Department of Economics
Working Paper Series > Department of Economics
Dewey Decimal Classification:330 Economics
JEL Classification:O34, O31, L16, D30, O15
Uncontrolled Keywords:Intellectual property rights, income distribution, endogenous growth, non-homothetic preferences
Language:English
Date:July 2017
Deposited On:23 Mar 2016 14:00
Last Modified:28 Aug 2017 21:16
Series Name:Working paper series / Department of Economics
Number of Pages:66
ISSN:1664-7041
Additional Information:Revised version
Official URL:http://www.econ.uzh.ch/static/wp/econwp221.pdf
Related URLs:http://www.econ.uzh.ch/static/workingpapers-new.php

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