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Edited by Patrizio Bianchi and Sandrine Labory
11 Intellectual property rights and market dynamics Fabrizio Cesaroni and Paola Giuri 1 Introduction The modern economy is currently characterized by some emerging phenomena related to the protection of intellectual property. First, technologies are increasingly bought and sold in the market, mostly in sectors in which patent protection is relevant and strong enough. Second, the open science model is more and more diﬀused in the technology development process of business sectors like (open source) software. Third, scientiﬁc discoveries of academic researchers, traditionally diﬀused in an open science system, are increasingly protected through intellectual property rights and, speciﬁcally, patents. These phenomena highlight that two contrasting models, the strong intellectual property rights (IPR) model, and the open science model, are currently diﬀusing in the technological and economic environment, and shaping in opposite ways the behaviour of diﬀerent institutional agents and organizations. These two models have been analysed in the economic and policy literature. They have traditionally been applied to alternative institutional contexts. The strong IPR model has been associated with the business environment, while the open science model has been associated with the academic or research system. Nevertheless, more recently, a strengthening of the IPR system has occurred in the public research system, and open science models have been adopted in private sectors like the open source software. This chapter discusses these diﬀerent models of intellectual property protection and their implications for the innovative activity of ﬁrms and economies and the market dynamics. The IPR...
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