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Contribution Details

Type Working Paper
Scope Discipline-based scholarship
Title Growth and welfare effects of intellectual property rights when consumers differ in income
Organization Unit
  • Christian Kiedaisch
  • English
Institution University of Zurich
Series Name Working paper series / Department of Economics
Number 221
ISSN 1664-7041
Number of Pages 66
Date 2017
Abstract Text 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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Keywords Intellectual property rights, income distribution, endogenous growth, non-homothetic preferences, Immaterialgüterrecht, Einkommensverteilung, Endogenes Wirtschaftswachstum, Haushalt
Additional Information Revised version