WELFARE EFFECTS OF PATENT PROTECTION IN A SEMI-ENDOGENOUS GROWTH MODEL
نویسندگان
چکیده
منابع مشابه
Imitation, patent protection and welfare
Once a new technology has been invented, there is a credible threat of imitation when patent protection is strong and imitation cost is low. Within the area of credible imitation, the innovator has an incentive to postpone technology adoption when the cost of imitation is relatively high. The possibility of licensing, however, eliminates or at least reduces the incentive for delayed technology ...
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ژورنال
عنوان ژورنال: Macroeconomic Dynamics
سال: 2018
ISSN: 1365-1005,1469-8056
DOI: 10.1017/s1365100518000147