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ISCTE-IUL  >  Education  >  LE

Economics and Strategy of Intellectual Property (1 º Sem 2016/2017)

Code: 02668
Acronym: 02668
Level: 1st Cycle
Basic: No
Teaching Language(s): Portuguese, English
Friendly languages:
Be English-friendly or any other language-friendly means that UC is taught in a language but can either of the following conditions:
1. There are support materials in English / other language;
2. There are exercises, tests and exams in English / other language;
3. There is a possibility to present written or oral work in English / other language.
1 6.0 0.0 h/sem 36.0 h/sem 0.0 h/sem 0.0 h/sem 0.0 h/sem 0.0 h/sem 1.0 h/sem 37.0 h/sem 113.0 h/sem 0.0 h/sem 150.0 h/sem
Since year 2014/2015
Pre-requisites Students are assumed to be acquainted with introductory microeconomics and basic statistics.
Objectives The goal is to introduce one of the most important, dynamic and controversial areas of global economic life. This course aims at stimulating analytical, practical and critical reasoning on patents, trademarks, copyright and other intangible assets.
Program P1. The economic history of an institutional invention;
P2. Appropriability as an incentive for scientific discovery, technological entrepreneurship and cultural creativity;
P3. IPR as a tool for business strategy and national competitiveness;
P4. Social welfare problems;
P5. What are patents, trademarks, industrial designs, copyright (high-tech industries, content markets, traditional sectors, bio-pharma, etc.);
P6. Alternative modes of protection and disclosure (open source, prizes, piracy, etc.);
P7. Business analysis and competitive intelligence (accessing databases and interpreting indicators);
P8. New challenges: a) intangible asset valuation, b) indigenous knowledge, c) virtual goods, d) patent wars and trademark trolls, e) personal data privacy and the right to be forgotten, f) forgery and counterfeiting, g) compulsory licensing, h) cyber-security and espionage, i) safeguarding intangible cultural heritage, etc.
Evaluation Method The student chooses between two assessment methods:

A) Continuous assessment: Group project (50%); Written mid-term exams (40%); Class participation (10%); note that the mark of written exam cannot be below 8 marks (out of 20) and that the attend not less than 80% (of all classes);

B) Final exam: individual final examination as the only assessment method (100%).
Teaching Method The teaching approach is based upon:
- Lectures, with the main goal of presenting the key concepts of the economics of intellectual and its applications to public policy and management practice;
- Laboratorial classes, oriented to generate debates, conduct data analysis and explore real operational settings;
- Self-study, with an emphasis on the readings.
Observations The students will have access to interactions with experts and operatives, managers and policy makers of the field.

Major recent reports from the most central international organisations will be among the materials, such as:

Eurostat (2013), High-technology and Medium-high Technology Industries, Main Drivers of EU-27's Industrial Growth, Statistics in focus 1/2013, Luxembourg: Eurostat.

EPO and OHMI (2013), Intellectual Property Rights Intensive Industries: Contribution to Economic Performance and Employment in the European Union, September, Munich/Alicante: EPO and OHMI.

FCT (2013), Diagnóstico do Sistema de Investigação e Inovação - Desafios, Forças e Fraquezas Rumo a 2020, Lisboa: Fundação para a Ciência e Tecnologia.

NSF (2012), Science and Engineering Indicators, Washington: NSF.

UK IPO (2013), Innovation, Patenting and Licensing in the UK: Evidence from the SIPU Survey, London: IPO.

UNESCO (2013), Creativity Report, Paris: UNESCO.

UNIDO (2011), Industrial Development Report, Geneva: UNIDO.

WIPO (2009), The Economics of Intellectual Property: Suggestions for Further Research in Developing Countries and Countries with Economies in Transition, Geneva: WIPO.

WIPO (2013), World Intellectual Property Report 2013, Geneva: WIPO.
Basic Bibliographic Fagerberg, J., D. Mowery, and R.R. Nelson (eds) (2004), Oxford Handbook of Innovation, Oxford: Oxford University Press.
Palfrey, John (2011), Intellectual Property Strategy, Cambridge, Mass.: The MIT Press.
Complementar Bibliographic Archibugi, D. and A. Filippetti (2010), ?The globalisation of intellectual property rights: Four learned lessons and four theses?, Global Policy, Vol. 1, No. 2, pp. 137-49.
Arrow, K.J. (1962), ?Economic welfare and the allocation of resources for invention?, in R.R. Nelson (ed.), The Rate and Direction of Inventive Activity: Economic and Social Factors, Princeton: Princeton University Press for the National Bureau of Economic Research, 609?26.
Arundel, A. and I. Kabla (1998), ??What percentage of innovations are patented? Empirical estimates for European firms?, Research Policy, Vol. 27, Np. 2, pp. 127-41.
Bessen, J. and M.J. Meurer (2008a), ?Do patents perform like property??, Academy of Management Perspectives, Vol. 22, No. 3, pp. 8-20.
Bessen, J. and M.J. Meurer (2008b), Patent Failure: How Judges, Bureaucrats, and Lawyers Put Innovators at Risk, Princeton: Princeton University Press.
Boldrin, M. and D.K. Levine (2008), Against Intellectual Property, Cambridge: Cambridge University Press.
David, P.A. (1993), ??Intellectual property institutions and the Panda?s thumb: Patents, copyrights, and trade secrets in economic theory and history,?? in M.B.Wallerstein, M.E. Mogee, and R.A. Schoe, (eds.), Global Dimensions of Intellectual Property Rights in Science and Technology, Washington, DC: National Academy Press, 19-61.
Dasgupta, P. and P.A. David (1994), ?Toward a new economics of science?, Research Policy, Vol. 23, No. 5, pp. 487-521.
Gallini, N. (2014), ?Cooperating with competitors: Patent pooling and choice of a new standard, International Journal of Industrial Organization, to be paginated.
Gambardella, P. Giuri, and A. Luzzi (2007), ?The market for patents in Europe?, Research Policy, Vol. 36, No. 8, pp. 1163-83.
Granstrand, Ö. (1999), The Economics and Management of Intellectual Property, Cheltenham: Edward Elgar.
Jaffe, A.B. and J. Lerner (2006), "Innovation and its Discontents?, Capitalism and Society, Vol. 1, No. 3, pp. 1-35.
Kingston, W. (2010), Beyond Intellectual Property: Matching Information Protection to Innovation, Cheltenham: Edward Elgar.
Levin, R.C., A. K. Klevorick, R.R. Nelson, and S.G. Winter (1987), ?Appropriating the returns from industrial research and development?, Brookings Papers on Economic Activity, Vol. 3, pp. 783-831.
Machlup, F. (1958), An Economic Review of the Patent System, Study No 15 of the Subcommittee on Patents, Trademarks, and Copyrights of the Committee on the Judiciary, US Senate, Washington, DC: US Government Printing Office.
Mazzucato, M. (2013), The Entrepreneurial State, London: The Anthem Press.
Mendonça, S., T.S. Pereira and M.M. Godinho (2004), ?Trademarks as an indicator of innovation and industrial change?, Research Policy, Vol. 33, pp. 1385-404.
Moser, Petra (2013). "Patents and innovation: Evidence from economic history", Journal of Economic Perspectives, Vol. 27, No. 1, pp. 23-44.
Waldfogel, J. (2012), "Copyright research in the digital age: Moving from piracy to the supply of new products?, American Economic Review, Vol. 102, No. 3, pp. 337-42.