Towards a Theory of Socially Valuable Imitation with Implications for Technology Policy
AbstractWe present a novel theory of socially optimal initation in a model exhibiting strategic interaction between innovating and imitating firms. We demonstrate how the socially optimal innovation and imitation intensities can be implemented with subsidy policies, but not with patent policy, if the necessary public funds can be raised without causing deadweight losses. We show the impact of patents on innovation and imitation in a novel way. We characterize the relationship between patent and subsidy policies at the optimal mix of technology policies and indicate how the optimal patent policy is related to the social costs of subsidies and substitutability between policy instruments.
Download InfoTo our knowledge, this item is not available for download. To find whether it is available, there are three options:
1. Check below under "Related research" whether another version of this item is available online.
2. Check on the provider's web page whether it is in fact available.
3. Perform a search for a similarly titled item that would be available.
Bibliographic InfoPaper provided by Economic Policy Research Unit (EPRU), University of Copenhagen. Department of Economics in its series EPRU Working Paper Series with number 95-03.
Date of creation:
Date of revision:
Contact details of provider:
Postal: Øster Farimagsgade 5, Building 26, DK-1353 Copenhagen K., Denmark
Phone: (+45) 3532 4411
Fax: +45 35 32 30 00
Web page: http://www.econ.ku.dk/epru/
More information through EDIRC
You can help add them by filling out this form.
reading list or among the top items on IDEAS.Access and download statisticsgeneral information about how to correct material in RePEc.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Sabine Fischer).
If references are entirely missing, you can add them using this form.