Patents and R&D: a Classroom Experiment
AbstractPublic policy towards patents has assumed a robust positive relationship between the strength of patent protection and the level of innovative research effort even though economic theory and empirical evidence suggest that the impact of patents on research varies considerably by industry. This classroom experiment provides students with an introduction to two competing models of the impact of patents on R&D: the 'winner-take-all' model contains incentives for excessive research effort and the research effort and the 'knowledge spillover' model contains incentives for free riding. Class discussion explores potential changes to current patent policy and policy alternatives for stimulating R&D.
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Bibliographic InfoArticle provided by Economics Network, University of Bristol in its journal International Review of Economics Education.
Volume (Year): 9 (2010)
Issue (Month): 2 ()
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Postal: University of Bristol, BS8 1HH, United Kingdom
Fax: +44(0)117 331 4396
Web page: http://www.economicsnetwork.ac.uk/iree
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
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Working Paper Series of the Department of Economics, University of Konstanz
2013-17, Department of Economics, University of Konstanz.
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- Gerald Eisenkopf & Pascal Sulser, 2013. "How to Improve Economic Understanding? Testing Classroom Experiments in High Schools," Working Paper Series of the Department of Economics, University of Konstanz 2013-04, Department of Economics, University of Konstanz.
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