Does intellectual monopoly stimulate or stifle innovation?
نویسندگان
چکیده
منابع مشابه
Does intellectual monopoly stimulate or stifle innovation ?
This study develops an R&D-based growth model with vertical and horizontal innovation to shed some light on the current debate on whether patent protection stimulates or sties innovation. We analyze the e¤ects of patent protection in the form of blocking patents. We show that patent protection changes the direction of innovation by having asymmetric e¤ects on vertical innovation (i.e., quality...
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Patents act as an incentive to innovate. However, as this paper argues, patents can lead the patent holder to rest on his laurels and at the same time discourage some innovators from innovating, reducing knowledge spillovers. The combined result of the above suggests an inverse U relationship between patent protection and output
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ژورنال
عنوان ژورنال: European Economic Review
سال: 2012
ISSN: 0014-2921
DOI: 10.1016/j.euroecorev.2012.01.007