Contact Us
Sign In / Sign Up for FREE
Go to advanced search...

Microeconomics: Patent, Antitrust Laws - Article Example

Comments (0) Cite this document
An author of the following writing "Microeconomics: Patent, Antitrust Laws" seeks to discuss the role of both antitrust and patent laws role in economies. Furthermore, additionally, the present paper will represent its relations to the microeconomics…
Download full paperFile format: .doc, available for editing
GRAB THE BEST PAPER99% of users find it useful
Microeconomics: Patent, Antitrust Laws
Read TextPreview

Extract of sample "Microeconomics: Patent, Antitrust Laws"

Microeconomics: Patent, Antitrust Laws
Both antitrust and patent laws are vital in economies. Whereas patent laws attempt to promote invention and innovation through providing exclusive rights to inventors and innovators of their works, antitrust laws attempt to prohibit anti-competition within an economy that usually results into monopoly. These two sets of laws are now coming to technology with specific focus on hand held devices. Based on Catan’s arguments, antitrust and patent laws are in collision with the former frowning on exclusive competition (monopolies) and the latter granting such exclusive monopolistic powers to investors. Technologically developed handheld devices face the collisions of these two sets of law. Whereas there are firms that would wish to have patents laws others strongly believe that monopolistic powers are unhealthy. For instance, Google Firm as well as Banes and Nobles experienced such disorientation when the former accused the latter on monopolistic power while the latter defended herself claiming that there is provision for the same. Other firms that have so far been in such fights include Apple Inc. and Microsoft as well as Eastman Kodak Co. and InterDigital amongst others. Catan points out that there is a need for Justice Department to handle the matter with care as going to the extremes have serious demerits.
Personal Opinion
There is no doubt that healthy competition leads to the provision of high quality goods and services. On the other hand, there is so much truth in asserting that innovators and inventors need adequate encouragement and should benefit significantly from their efforts. In this case, law of patens and antitrust both come into play but at a point when they are clashing. When patent laws cease to exist, many people will wait for innovators and inventors before they come up with a replica of what has been developed. In this case, the spirit of innovation and invention shall have been disregarded. Therefore, I strongly believe that there is a need to harmonize these two sets of laws in order to have fair playing grounds for both parties in either side of the discussion. Nevertheless, economies may end up suffering from replication of goods or suffer from monopolistic powers. I therefore strongly agree with Thomas that Justice Department needs to be very keen while dealing with such matters.
Relation to Microeconomics
Microeconomics is a branch of social science that describes behaviors and actions of individual intermediate and final consumers, firms, and industries. The concept of patent and antitrust laws and how they affect technological industries directly relate to microeconomics as the two sets of law describes the behavior and actions of different firms in the industry with regards to maintaining monopolistic powers or encouraging healthy competition.
Work Cited
Catan, Thomas. “When Patent, Antitrust Worlds Collide”, Wall Street Journal, November 14, 2011 from Read More
Cite this document
  • APA
  • MLA
(“Microeconomics: Patent, Antitrust Laws Article Example | Topics and Well Written Essays - 250 words”, n.d.)
Microeconomics: Patent, Antitrust Laws Article Example | Topics and Well Written Essays - 250 words. Retrieved from
(Microeconomics: Patent, Antitrust Laws Article Example | Topics and Well Written Essays - 250 Words)
Microeconomics: Patent, Antitrust Laws Article Example | Topics and Well Written Essays - 250 Words.
“Microeconomics: Patent, Antitrust Laws Article Example | Topics and Well Written Essays - 250 Words”, n.d.
  • Cited: 0 times
Comments (0)
Click to create a comment or rate a document

CHECK THESE SAMPLES OF Microeconomics: Patent, Antitrust Laws


... activities. Whenever government tries to control the price either by deciding the floor price or the upper cap, it runs the risk of misallocation of resources. It would result in ‘dead - weight losses and could get worse. Analysing the effects of minimum wage law indicates that it fails to achieve the objectives which it was originally devised for. It increases the supply of the unskilled labour in the market and at the same time decreasing their demand. It fails to serve the poor, worsens the problem of unemployment in the long run and increases the burden over the taxpayer in an unjustified manner. Even the ‘earned income tax credit’ program has the similar consequences though it is not as bad as minimum wage law. Under both the schemes...
7 Pages(1750 words)Essay

Antitrust Law

...?Antitrust Laws and Applications The antitrust laws are designed to prevent unfair competition as a result of market might or shrewd manipulation. The United States’ economy is based on open competition and fair dealings, assuring competitive pricing and better products. Out-competing is considered acceptable, rigging the game is not. Several laws were passed between 1890 and 1940 which solidified the rules of competition among the very powerful. Although meant to abate the mighty from unfair competition, all businesses should be aware of these laws. Antitrust Laws and Applications 2 Antitrust Laws and Applications The major antitrust legislation from 1890 – 1940 included the Sherman Act, the Clayton Act and the Robinson-Patman Act. Each...
3 Pages(750 words)Research Paper

Patent Law

...?Patent law is a specific area of law that encompasses the legal regulation, jurisprudence, and enforcement of specific intellectual property rights known as patent rights (What, n.d.). A patent is a government issued right granted to individuals or groups that protects their original inventions from being made, used, or sold by others without their permission for a set period of time (Ibid). The law of patents is a legal framework that establishes a patent system, which supports and encourages technological innovation and promotes economic development (Patent, n.d.). The law that protects and govern the patent in the UK is the Patent Act of 1977. It requires any new inventions to be a new invention; it can’t have existed before...
8 Pages(2000 words)Essay

Antitrust Law: Railroad Antitrust Immunity

...? Antitrust Law Antitrust Law Introduction Antitrust law consists of three key aspects ly, prohibition of abusive behavior through a company dominating a market or anti-competitive actions that can result to such domination. Anti-competitive practices controlled in this manner can encompass predatory pricing, tying, refusal to deal, and such. Another aspect is supervision of mergers as well as acquisitions of big companies and this includes some joint ventures. Transactions that are regarded as a threat to the competitive procedure can be banned or recommended subjects to “remedies” for instance an requirement to divest part of combined business or to provide licenses. The other element of antitrust law is that the application of antitrust...
3 Pages(750 words)Case Study

The Key Statutes and Laws Covered in the Antitrust Laws

... Antitrust Laws The antitrust laws refer to legislation enacted by the federal and various governments to monitor trade and commerce activities by alleviating occurrences of unlawful restraints, fixing of product and service prices and monopolization of business (Posner 93). These laws are designed to enhance fairly distributed competition between firms, while encouraging production and supply of quality products and services at affordable prices. In other words, the laws account for public welfare by ensuring that the public is not exploited. Practices by large corporations may end being unfair to the public, thus the use of antitrust laws to safeguard public interests. The laws are primarily designed to make businesses compete fairly...
3 Pages(750 words)Research Paper

Market structure, conduct and performance: Violations of antitrust laws

... such illegal and anti-competitive behaviours to achieve success which led to unfair competition and, ultimately, a lawsuit alleging improper business behaviour by all defendants identified as conspirators. Unfair competitive activities ultimately harm consumers and legal protectionism under antitrust laws ensures that oligopolistic market participants remain loyal to ethical pricing activities internationally and within the United States. References Dawes, J. (2004). Assessing the impact of a successful price promotion on brand, category and competitor sales, Journal of Product and Brand Management, 13(5), pp.303-313. Estrin, S. and Laidler, D. (1995). Introduction to microeconomics, 4th edn. Harvester Wheatsheaf. Gillespie, A. (2007...
6 Pages(1500 words)Essay

Patent law

...JOHN LOCKE AND PATENT LAW 2006 Breaking down the problem In the book Two Treatises of Government, John Locke (1689) wrote: "Though the earth and all inferior creatures be common to all men, yet every man has a "property" in his own "person". This, nobody has any right to but himself. The "labour" of his own body and the "work" of his hands, we may say, are properly his. Whatsoever, then, he removes out of the state that Nature hath provided and left it in, he hath mixed his own labour with it, and joined to it something that is his own, and thereby makes his property. It being by him removed from the common state Nature placed it in, it hath by this labour something annexed to it that excludes the common right of other men...
8 Pages(2000 words)Book Report/Review

Rules of The Patent

...1.0 Urgent need to patent The entrepreneurs here are having a novel and innovative product. It is important that they take immediate action to protect the intellectual property rights (IPR) of this asset by patenting their product. As per laws of patent, if knowledge of the product or idea proposing to be patented becomes known to the public before patenting, then it becomes ineligible to be patented. The promoters therefore should take care not to disclose the details of their product to any source, newspaper, science journal or anyone else before initiating the process of patenting. An initial provisional patenting which is relatively simple and quick will immediately secure the rights. Full patenting can follow this. Any disclosure...
7 Pages(1750 words)Coursework

Antitrust Practices

...ANTITRUST LAWS F.T .C investigating Antitrust against Google Reason for Antitrust investigation The Federal Trade Commission raised the ante in its antitrust conformation with Google. This commission prepared that the government was to sue the search giant. The main focus for F.T. C was whether Google manipulated search results in a quest to favor their own products. This made it quite difficult for other competitors and their products to get a fair share of representation and marketing on a results page. F.T.C investigators were looking for a wide range of Google business malpractices like displaying results that favor Google commerce services like Google shops, Google places. This is what F.T.C termed as “prefrencing”. The pecuniary...
2 Pages(500 words)Essay

Antitrust Laws

...Mergers and Acquisitions: A Detailed Analysis Mergers and Acquisitions: A Detailed Analysis The mergers and acquisitions are very commonly used methods by companies in order to attain economies of scale and other cost related advantages. The companies target to enter agreements so that they can manage the competition in the local and international markets effectively. The governments on the other hand, do not like too much buyout and mergers because this trend leads towards making the economy more monopolistic in nature and therefore, few players will have an undue competitive advantage on others. The framework used to prosecute the companies for entering questionable deals is called Antitrust Laws. Introduction The price based... and...
4 Pages(1000 words)Coursework

Conflict of Laws

While Community law is likely to prevail since all the locations are within Europe, there is however the question of which Court will bet be able to try the issues involved in the respective cases that each of the four parties will be able to file, i.e, Homecraft against the supplier of parts in Italy and assembler of parts for the saws and the Switzerland company that has tested the drill bits as well as the company in Norway that manufactures the bits. In the case of Homecraft, the cause of action that will arise is that of breach of contract through the supply of defensive merchandise.
In the case of Jack, there is a claim that arises in tort because he has suffered harm as a result of the defective parts in the saw and he...
11 Pages(2750 words)Case Study

The UK Contract Laws and Consent of the Contracting Parties

There is no acceptance yet by Betty as far as Andrew’s offer to sell the car is concerned on November 3, before Andrew sold the car to Colin; hence his offer to sell to Betty who was deemed to be accepted on November 5 was not perfected as of November 3 when Andrew made the sale. This answer is based on English law which adopts the theory that “a contract is not formed unless the acceptance corresponds exactly to the terms of the offer.” (Vergne, François, n.d.). Calling the same as "mirror image rule", it argued that “an acceptance which is not in conformity with the offeror's terms is considered as a rejection of the offer” (Vergne, n.d.) citing (Tinn v. Hoffman & Co., 1873). Because of t...
9 Pages(2250 words)Assignment

The United Nations Commission on International Trade Laws

...The United Nations Commission on International Trade Laws Introduction and Man UNCITRAL—The United Nations Commission on International Trade Laws (UNCITRAL) was conceptualised by the General Assembly of the United Nations in order to facilitate the international trade, remove hindrances, and facilitate trade relations between member states. Today UNCITRAL is the core legal body dealing in international trade of the United Nations. The view nurtured by a large part of international community that international trade helps in promotion of friendly ties, peace and security led to the formation of UNCITRAL. (Patnaik and Lala, 2006). According to Patnaik and Lala(2006) prior to the formation of UNCITRAL there existed no United Nations agency...
13 Pages(3250 words)Assignment

Inflexible Labour Laws

Differing economic, cultural and political circumstances abroad also suggest the need for a better understanding of employees with a broad context is important. Fortunately, the ability to study the implications of policies on economic growth abroad is expanding rapidly as a result of the emergence of global private equity markets and micro finance. International entrepreneur ship spans cultural boundaries and involves a variety of stakeholders, including the entrepreneur, investors and policy makers (Asel, 2003). “Social considerations must be given the same status as economic, financial and environmental concerns in a holistic approach. It is time for global thinking and local action. The implementation of the Core Labour...
9 Pages(2250 words)Case Study

Australian Corporate Insolvency Laws

...Australian Corporate Insolvency Laws Introduction Corporate Insolvency provisions are certainly one of the most important components of Australia’s Corporation’s act and are certainly one of the most important frameworks that govern the country’s corporate sector. In this context, the effectiveness of the insolvency regulations and the processes involved in the framework are indispensable for ensuring the well function of Australia’s business sector and economy. Further, they are a primary means of ensuring discipline and proper resource allocation within the corporate sector. Insolvency laws have also helped enhance the level of corporate governance and are a reference point for corporate ethics. They facilitate creditors of private...
7 Pages(1750 words)Assignment

Discrimination in UK Employment Laws

...Discrimination in UK Employment Laws Advise the parties as to their rights and obligations under current law: Companies, especially public serviceindustries like catering or airline companies may be given a greater degree of freedom to choose their own rules and regulations, which they could enforce equally and without any degree of bias throughout the organization without contravening the provisions of the UK “Employment Act 2002.” (Employment Act 2002). However, it is now necessary to consider each of these situations separately. (i). Patrick’s Case: There are no laws forbidding companies from enforcing a corporate Code of Conduct and thus Patrick’s stand that he is being discriminated with regard to the laws specifically targeted...
6 Pages(1500 words)Assignment

The Conflict of Laws

... The Conflict of Laws Nationality means a person’s allegiance to a particular as a citizen or as a member of that state. Apart from stateless persons, everyone is the subject of some state to which they owe political allegiance and loyalty, for which they should be called upon to fight, pay taxes and support, and from which they may expect protection. These are broad general statements only. For instance, although we say that all persons must be national subjects of some state or other, it is true that due to upheavals of war there are some unfortunate stateless persons who have been disowned by or expelled from, their country of birth and origin (Barker and Padfied, p 75). Nationality is of great importance in fostering freedom...
6 Pages(1500 words)Term Paper

Macro and Microeconomics Factors in the UK Housing Market

The housing industry is divided into residential, commercial and industrial segments. Economists define supply in terms of service units, that is, a physical unit can be deconstructed into the services that it helps provide. These housing unit services are considered as an unobservable theoretical construct. Housing stock depreciates making it qualitatively different from a brand new constructed building.
The owner, user/owner and renter comprise the demand side of the housing market while the renovators and developers comprise the supply side of the market. In order to implement the simple demand and supply analysis to the housing markets, several modifications have to be made to the standard microeconomic procedures and ass...
8 Pages(2000 words)Research Paper

Should Gun Control Laws Be More Strict in the United States

... Gun Control Within the profession of Criminology, gun control is a significant research problem. The three topics addressing this research problem include gun control and its effects, gun related crimes, and gun control laws in United States of America. Gun Control and Its Impact Gun control varies from one country to another and from one state to another. In many countries including the U.S, the government allows citizens to acquire and carry guns subject to certain restrictions. The U.S has moderate gun control laws that vary across different states. There have been numerous debates on gun control with some arguing that gun control laws reduces the potential hazards of increased gun ownership while others argue that stringent gun...
7 Pages(1750 words)Literature review

Women and Driving Laws in the Kingdom of Saudi Arabia

... Corse Women and Driving Laws in the Kingdom of Saudi Arabia. The Kingdom of Saudi Arabia as compared to its neighboring still lags behind in terms of the woman’s rights. According to the World Economic Forum report of 2013, the kingdom is ranked at number 127 out of 136 nations when it comes to gender parity issues. Saudi’s women of all age groups must are assigned male guardian and it is the only nation the world over that continues to proscribe women from driving. some improvements have been in the kingdom when it comes to the rights of the woman i.e. in 2015 they will be able cast their votes, run for elective positions and even get appointed to national bodies such as the Consultative Assembly. However, the ban on driving has...
7 Pages(1750 words)Assignment
sponsored ads
We use cookies to create the best experience for you. Keep on browsing if you are OK with that, or find out how to manage cookies.

Let us find you another Article on topic Microeconomics: Patent, Antitrust Laws for FREE!

Contact Us