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Patents, Trade Secrets and the Correlation Among R&D Projects

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Author Info
Bulut, Harun
Moschini, GianCarlo

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Abstract

In patent race models, firms' noncooperatively chosen research projects typically display too much correlation. But when there are multiple intellectual property rights protection instruments, we find that the paths chosen in an R&D race can move towards the social optimum.

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Publisher Info
Paper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 12726.

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Date of creation: 22 Feb 2007
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Publication status: Published in Economics Letters, April 2006, Vol. 91, No. 1, pp. 131-137.
Handle: RePEc:isu:genres:12726

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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
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Web page: http://www.econ.iastate.edu
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Related research
Keywords: Intellectual property rights; Parallel R&D; Patent races;

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This page was last updated on 2009-11-21.


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