【2018年5月22日】【经济与金融系学术讨论会第22期】Home Country Bias in the Legal System: Empirical Evidence from the Intellectual Property Rights Protection in Canada
发布时间:05-18-18

时间:2018年5月22日(周二)12:00-13:00

地点:同济大厦A楼505室

主讲人: 麦嘉聪 助理教授

题目:Home Country Bias in the Legal System: Empirical Evidence from the Intellectual Property Rights Protection in Canada

语言:中文 

摘要:

Are judges concerned, in the same way as policymakers, with the effects of their decisions on national welfare? In this paper, we analyze this question by examining the outcomes of intellectual property rights (IPR) litigations between domestic and foreign firms. We use a simple model of oligopoly, in which IPR takes the form of a more efficient production technology, to illustrate how anti-foreign bias varies across cases when judges have welfare concerns. The predictions of the model are tested using data on all Canadian IPR cases over a four-year period. We find that foreign firms have about 25% lower probability of protecting their IPR in Canadian courts relative to domestic firms. We also find that courts' decisions are aligned with national welfare maximization principle so that foreign firms are less likely to win in those cases when the implied welfare gains from not protecting foreign IPR are greater. These findings are robust to controlling for endogenous selection of firms into litigation.