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Business
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| Number of pages / Number of words: |
7 / 1877 |
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a limited number of firms supplies a limited number of products. This is an oligopolistic market, where private firms are in a position to impose prices and rates of return that may capture an "excessive rent". As such, patent rights are often associated with compulsory licensing obligations in order to guarantee an efficient public disclosure of innovative knowledge...
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As such, patent rights are often associated with compulsory licensing obligations in order to guarantee an efficient public disclosure of innovative knowledge. Under the WTO Trade-Related Aspects of Intellectual Property Rights (TRIPS), any country may allow a third party to use a patent without the owner's consent "in cases of national emergency" or "other circumstances of extreme urgency"...
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