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Patents and R & D: The tournament effect

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Author Info
Prabal Roy Chowdhury () (Indian Statistical Institute, New Delhi)

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Abstract

We identify a new route through which patent protection may affect R&D incentives, the tournament effect. It may decrease R\&D incentives, in which case patent protection may either adversely affect the level of R&D, or may discourage licensing. In either case welfare may fall.

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Publisher Info
Paper provided by Indian Statistical Institute, New Delhi, India in its series Indian Statistical Institute, Planning Unit, New Delhi Discussion Papers with number 05-05.

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Length: 20 pages
Date of creation: Apr 2005
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Handle: RePEc:ind:isipdp:05-05

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Related research
Keywords: Patents; R&D incentive; Tournament effect; Licensing;

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Find related papers by JEL classification:
O31 - Economic Development, Technological Change, and Growth - - Technological Change - - - Innovation and Invention: Processes and Incentives
O34 - Economic Development, Technological Change, and Growth - - Technological Change - - - Intellectual Property Rights
O38 - Economic Development, Technological Change, and Growth - - Technological Change - - - Government Policy

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References listed on IDEAS
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.:
  1. Xavier Vives, 2001. "Oligopoly Pricing: Old Ideas and New Tools," MIT Press Books, The MIT Press, edition 1, volume 1, number 026272040x, December.
  2. Michele Boldrin & David K Levine, 2003. "The Case Against Intellectual Monopoly, Chapter 1," Levine's Working Paper Archive 234936000000000028, David K. Levine. [Downloadable!]
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Cited by:
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  1. Schmitz, Patrick W., 2007. "Exclusive versus Non-exclusive Licensing Strategies and Moral Hazard," CEPR Discussion Papers 6207, C.E.P.R. Discussion Papers. [Downloadable!] (restricted)
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