; ; ; "ActiveFedora::Aggregation::ListSource" . a , ; "Intellectual Property and Market Size"; ; "batchuser@example.com"; "Levine, David K.", "Boldrin, Michele"; "Federal Reserve Bank of Minneapolis"; "Innovation", "Intellectual Property", "Harmonization", "International Trade", "Monopoly"; "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."^^; "2005-03"; "2019-06-21T16:18:38.902119431+00:00"^^; "https://doi.org/10.21034/sr.360"; ; "https://creativecommons.org/licenses/by-nc/4.0/"; "Thu Nov 7 21:47:35 2019"; "https://creativecommons.org/licenses/by-nc/4.0/"; "Research Paper"; "449", "92"; "Staff report (Federal Reserve Bank of Minneapolis. Research Department)"; "360"; "Intellectual Property", "Innovation", "International Trade", "Monopoly", "Harmonization"; ; ; ; ; "Federal Reserve Bank of Minneapolis. Research Department"; ; "Publication" . ; .