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• W3121737319 abstract "Many advocates for using compulsory licensing (“CL”) for pharmaceutical patents in developing countries like Thailand rest their case in part on the purported use of CL in the United States. In this paper we take issue with that proposition on several grounds. As a theoretical matter, we argue that the basic presumption in favor of voluntary licenses for IP should apply in the international arena, in addition to the domestic one. In the international context, voluntary licenses are of special importance because they strengthen the supply chain for distributing pharmaceuticals and ease the government enforcement of safety standards. Next, this paper analyzes several of the key illustrations of purported CL for drug patents in the United States and shows that the use of CL elsewhere deviates in material ways from the standard U.S. practices. These are the compulsory copyright licenses for music; the award of damages instead of injunctions after eBay v. MercExchange, and the use of compulsory licenses in antitrust settlements. Whatever the ultimate desirability of these American doctrines, none of them seeks to reduce the payment on licenses to the marginal cost of the licensed goods. Any need to help poor people gain access should not rely on CL, but instead should rely on tools precisely aimed at that purpose, including direct government purchases of patented drugs from their manufacturers at negotiated prices. * Epstein is the Laurence A. Tisch Professor of Law, New York University the Peter and Kirstin Bedford Senior Fellow at Stanford University’s Hoover Institution, and. James Parker Hall Distinguished Service Professor of Law at the University of Chicago, Kieff is a Professor at the George Washington University Law School and the Ray & Louise Knowles Senior Fellow at Stanford University’s Hoover Institution. This draft was presented at the “Law & Economics Conference: The Licensing of Intellectual Property” held at the University of Chicago Law School June 18-19, 2010. This work is part of the ongoing Hoover Project on Commercializing Innovation, which studies the law, economics, and politics of innovation and which is available on-line at www.innovation.hoover.org. We thank Brett Davenport, New York University Law School, Class of 2012 for his prompt and expert research assistance. EPSTEIN & KIEFF COMPULSORY LICENSING FOR PHARMACEUTICAL PATENTS 3" @default.
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• W3121737319 date "2011-01-01" @default.
• W3121737319 modified "2023-09-26" @default.
• W3121737319 title "Questioning the Frequency and Wisdom of Compulsory Licensing for Pharmaceutical Patents" @default.
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