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Patents and R&D: a Classroom Experiment

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  • Amy Diduch

    () (Mary Baldwin College)

Abstract

Public policy towards patents has assumed a robust positive relationship between the strength of patent protection and the level of innovative research effort even though economic theory and empirical evidence suggest that the impact of patents on research varies considerably by industry. This classroom experiment provides students with an introduction to two competing models of the impact of patents on R&D: the 'winner-take-all' model contains incentives for excessive research effort and the research effort and the 'knowledge spillover' model contains incentives for free riding. Class discussion explores potential changes to current patent policy and policy alternatives for stimulating R&D.

Suggested Citation

  • Amy Diduch, 2010. "Patents and R&D: a Classroom Experiment," International Review of Economic Education, Economics Network, University of Bristol, vol. 9(2), pages 67-83.
  • Handle: RePEc:che:ireepp:v:9:y:2010:i:2:p:67-83
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    File URL: http://www.economicsnetwork.ac.uk/iree/v9n2/diduch.pdf
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    References listed on IDEAS

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    1. Rebecca Henderson & Iain Cockburn, 1996. "Scale, Scope, and Spillovers: The Determinants of Research Productivity in Drug Discovery," RAND Journal of Economics, The RAND Corporation, pages 32-59.
    2. Kremer, Michael R., 1998. "Patent Buyouts: A Mechanism for Encouraging Innovation," Scholarly Articles 3693705, Harvard University Department of Economics.
    3. Michael Kremer, 1998. "Patent Buyouts: A Mechanism for Encouraging Innovation," The Quarterly Journal of Economics, Oxford University Press, vol. 113(4), pages 1137-1167.
    4. Rebecca Henderson & Iain Cockburn, 1996. "Scale, Scope, and Spillovers: The Determinants of Research Productivity in Drug Discovery," RAND Journal of Economics, The RAND Corporation, pages 32-59.
    5. Nancy T. Gallini, 1992. "Patent Policy and Costly Imitation," RAND Journal of Economics, The RAND Corporation, pages 52-63.
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    Cited by:

    1. Gerald Eisenkopf & Pascal Sulser, 2013. "A Randomized Controlled Trial of Teaching Methods: Do Classroom Experiments Improve Economic Education in High Schools?," Working Paper Series of the Department of Economics, University of Konstanz 2013-17, Department of Economics, University of Konstanz.
    2. Engel, Christoph & Kleine, Marco, 2015. "Who is afraid of pirates? An experiment on the deterrence of innovation by imitation," Research Policy, Elsevier, pages 20-33.
    3. Engel, Christoph & Kleine, Marco, 2015. "Who is afraid of pirates? An experiment on the deterrence of innovation by imitation," Research Policy, Elsevier, pages 20-33.

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