Patent Protection As A Stimulant for Risky Innovation. Could TRIPS be Counterproductive?
AbstractThis paper introduces the idea that strong patent protection can lead innovators to rest on their laurels, into a simple tournament based framework. Concentrating on optimal patent protection, the one that maximizes production, the model shows that there is a positive relationship between the ability of the economy (firm) to innovate and how strong patent protection should be. This line of thinking runs counter to the uniÞed intellectual property regime, as introduced by TRIPS.
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Bibliographic InfoPaper provided by Department of Economics, University of Bristol, UK in its series Bristol Economics Discussion Papers with number 04/566.
Length: 21 pages
Date of creation: Nov 2004
Date of revision:
Intellectual property; sequential innovation; tournaments.;
Find related papers by JEL classification:
- K0 - Law and Economics - - General
- O11 - Economic Development, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
This paper has been announced in the following NEP Reports:
- NEP-ALL-2004-12-12 (All new papers)
- NEP-LAW-2004-12-12 (Law & Economics)
- NEP-REG-2004-12-12 (Regulation)
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