Intellectual Property Protection for Fast Evolving Technologies
AbstractThis paper studies the effects of market competition and intellectual property protection in emerging technologies such as software. In doing so, this research aims at contributing to the ongoing discussion on the possibility of broadening the scope of patent protection, in the EU, in order to cover many of the newly evolving technologies. The model indicates that optimal patent protection is case specific, while its degree of protection should vary depending on the rate of growth of the particular technology, as well as the degree of market competition. The main argument of the paper is that intellectual property protection has a dual effect, allowing the innovator to fully appropriate his R&D, at the cost of limiting the number of innovators who will be able to innovate, reducing knowledge spillovers.
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Bibliographic InfoArticle provided by European Political Economy Infrastructure Consortium in its journal European Political Economy Review.
Volume (Year): 1 (2003)
Issue (Month): Spring ()
Intellectual property; competition;
Find related papers by JEL classification:
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
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