¿Innovar o imitar? Una modelización del proceso de producción de tecnología
AbstractThis paper develops a microeconomic model of technology production. Through it we analyse the factors that determine whether a producer will decide to invest resources in the development of his own innovations, instead of choosing to imitate the innovations created by other entrepreneurs, and sell them once the law allows. The decision he takes will depend on the earnings differential that the two alternatives generate. This differential will, in turn, depend on the earnings generated annually by the invented product, the length of the legal monopoly that permits the discoverer to exploit the innovation exclusively, the obsolescence rate of the technology, the interest rate, the R&D costs and the imitation costs. On the basis of this, we carry out a comparative static analysis to determine the importance of each factor and to help design an efficient technological innovation policy.
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Bibliographic InfoArticle provided by Gobierno Vasco / Eusko Jaurlaritza / Basque Government in its journal EKONOMIAZ.
Volume (Year): 71 (2009)
Issue (Month): 02 ()
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Postal: Dpto. de Hacienda y Finanzas, Gobierno Vasco, C/Donostia-San Sebastián, 1, 01010 Vitoria-Gasteiz, Spain
Find related papers by JEL classification:
- O31 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
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