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Review of Law & Economics

Editor-in-Chief: Parisi, Francesco

Ed. by Cooter, Robert D. / Gómez Pomar, Fernando / Kornhauser, Lewis A. / Parchomovsky, Gideon / Engel, Christoph

3 Issues per year


SCImago Journal Rank (SJR) 2015: 0.196
Source Normalized Impact per Paper (SNIP) 2015: 0.401
Impact per Publication (IPP) 2015: 0.244

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ISSN
1555-5879
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Volume 2, Issue 2 (Sep 2006)

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Volume 13 (2017)

Trade Secret vs. Broad Patent: The Role of Licensing

Franco Cugno
  • Università di Torino, Italy
/ Elisabetta Ottoz
  • Università di Torino, Italy
Published Online: 2006-09-08 | DOI: https://doi.org/10.2202/1555-5879.1069

We present a simple model wherein a patents regime is inferior to a trade secrets system, meaning that when private returns from innovation under the two regimes are the same, society will be better off if the innovator chooses not to patent. In our model, trade secret licensing is envisaged and the inferiority of patents depends on the lack of an independent invention defense in patent law, while such a defense currently exists in secrecy and copyright law. Thus, although secrecy is superior to patents, it is not superior to other types of formal intellectual property rights where independent invention is allowed (such as copyrighted software).

About the article

Published Online: 2006-09-08


Citation Information: Review of Law & Economics, ISSN (Online) 1555-5879, DOI: https://doi.org/10.2202/1555-5879.1069. Export Citation

Citing Articles

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[1]
Elisabetta Ottoz and Franco Cugno
International Review of Law and Economics, 2011, Volume 31, Number 4, Page 219
[2]
Bronwyn Hall, Christian Helmers, Mark Rogers, and Vania Sena
Journal of Economic Literature, 2014, Volume 52, Number 2, Page 375

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