Financially Constrained Innovation, Patent Protection, and Industry Dynamics
AbstractWe find that the protection against subsequent innovators is counterproductive for innovation and welfare, while some (generally not full) protection against imitation is good in both dimensions. We also find that the net welfare gains from increasing IP protection are increasing with the tightness of financial constraints.
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Bibliographic InfoPaper provided by Society for Economic Dynamics in its series 2008 Meeting Papers with number 102.
Date of creation: 2008
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