Michele Boldrin|David K. Levine
MARKET SIZE AND INTELLECTUAL PROPERTY PROTECTION*
Federal Reserve Bank of St. Louis|Washington University in St. Louis|Federal Reserve Bank of St. Louis|Washington University in St. Louis
intellectual property ip protection involves tradeoff undesirability monopoly desirable encouragement creation innovation optimal policy depends relative strength two forces give quantitative assessment current ip policies focus particularly scale market showing increases due either growth expansion trade ip protection reduced