Search Results
Journal Article
Business method patents take center stage at Atlanta Fed conference
A recent Atlanta Fed conference focused on the economic and legal issues surrounding business method patent developments in the U.S. financial services industry.
Working Paper
Intellectual property rights and standard setting in financial services: the case of the Single European Payments Area
For many reasons, payment systems are subject to strong network effects; one of those is the necessity of interoperability among participants. This is often accomplished via standard-setting organizations. The goal of the Single European Payments Area (SEPA) is to establish modern cross-boarder consumer payment systems for Europe. This too will require a standard-setting arrangement. But patents are also becoming an important feature of electronic payment systems and thus standard setting under SEPA should incorporate a policy to address the ownership and licensing of essential intellectual ...
Journal Article
The Tenth District's brain drain: who left and what did it cost?
Most of the Tenth Federal Reserve District states experienced a brain drain, or an outmigration of highly educated people, during the last half of the 1980s. Fortunately, the recent tide of migration appears to have turned for some district states. Yet, it is still important for policymakers to understand the full impact of a brain drain on a state's economy. Highly educated people are prone to move, based on their region's economic performance relative to other parts of the country. Thus, current favorable migration trends in the district could easily be reversed.
Journal Article
Intellectual property protection in a globalizing era
Journal Article
Research spotlight : Fine-tuning
Journal Article
The Rise of Asia as a Destination for U.S. Patenting
China has become one of the main destinations where U.S. inventors seek to protect their intellectual property.
Journal Article
Technology Transfer and Regional Trade Agreements
The growing importance of intellectual property rights in regional trade agreements has been associated with increased technology transfer.
Report
Intellectual property and market size
Intellectual property protection involves a trade-off between the undesirability of monopoly and the desirable encouragement of creation and innovation. As the scale of the market increases, due either to economic and population growth or to the expansion of trade through treaties such as the World Trade Organization, this trade-off changes. We show that, generally speaking, the socially optimal amount of protection decreases as the scale of the market increases. We also provide simple empirical estimates of how much it should decrease.