Ajay Bhaskarabhatla

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First-Mover Advantages Before and After TRIPS: Evidence from the Indian Pharmaceutical Industry

by Ajay Bhaskarabhatla, Chirantan Chatterjeevia IP2 Working Paper Series
Friday, December 18, 2015

Scholars argue that the presence of persistent first-mover advantages obviates the need for relatively long-lived patents as incentives for innovations. What then is the impact of the strengthening of patent protection, particularly in developing economies, on non-patent-based first-mover advantages? We investigate this question by estimating the extent of erosion of firstmover advantages in the Indian pharmaceutical industry due to the introduction of a stronger product-patent regime in January 2005.