Patents, Trade Secrets and the Correlation Among R&D Projects
AbstractIn 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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Bibliographic InfoPaper provided by Iowa State University, Department of Economics in its series Staff General Research Papers with number 12726.
Date of creation: 01 Apr 2006
Date of revision:
Publication status: Published in Economics Letters, April 2006, vol. 91 no. 1, pp. 131-137
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Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070
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Other versions of this item:
- Bulut, Harun & Moschini, GianCarlo, 2006. "Patents, trade secrets and the correlation among R&D projects," Economics Letters, Elsevier, vol. 91(1), pages 131-137, April.
- NEP-ALL-2007-02-24 (All new papers)
- NEP-INO-2007-02-24 (Innovation)
- NEP-IPR-2007-02-24 (Intellectual Property Rights)
- NEP-MIC-2007-02-24 (Microeconomics)
- NEP-PPM-2007-02-24 (Project, Program & Portfolio Management)
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