Bidding for brains: Intellectual property rights and the international migration of knowledge workers |
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Authors: | Carol McAusland |
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Institution: | a Food and Resource Economics, 337-2357 Main Mall, University of British Columbia, Vancouver, Canada BC V6T 1Z4b Department of Economics, University of California, Santa Barbara CA 93106, United Statesc NBER and IZA |
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Abstract: | We introduce international mobility of knowledge workers into a model of Nash equilibrium IPR policy choice among countries. We show that governments have incentives to use IPRs in a bidding war for global talent, resulting in Nash equilibrium IPRs that can be too high, rather than too low, from a global welfare perspective. These incentives become stronger as developing countries grow in size and wealth, thus allowing them to prevent the ‘poaching’ of their ‘brains’ by larger, wealthier markets. |
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Keywords: | F22 J6 O34 |
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