Technological knowledge as an essential facility |
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| Authors: | Cristiano Antonelli |
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| Institution: | (1) Laboratorio di Economia Dell’Innovazione, Dipartimento di Economia, Universita’ di Torino, Via Po 53, 10124 Torino, Italy |
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| Abstract: | The economics of regulation has articulated the notions of essential facility and mandated interconnection. Their application
to the governance of technological knowledge can be fruitful especially when implemented by the adoption of a compensatory
liability rule and the parallel reduction in the exclusivity of patents. Because knowledge is at the same time an output and
an input in the production of new knowledge, exclusivity, traditionally associated to patents, is the cause of actual knowledge
rationing with major drawbacks in terms of both static and dynamic efficiency. This institutional innovation can improve the
governance of technological knowledge and increase both its rates of dissemination and generation.
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| Keywords: | Knowledge governance Intellectual property right regimes Essential facility Compensatory liability regime |
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