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Patent protection with a cooperative R&D option

Author

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  • Che, XiaoGang
  • Yang, Yibai

Abstract

Patent protection may decrease R&D incentives due to the tournament effect. In this paper, we show that patent protection in the presence of a cooperative R&D option always increases the R&D incentive. In addition, this option dominates imitation to increase the R&D incentive under patent protection, and may also dominate royalty licensing depending on the R&D cost.

Suggested Citation

  • Che, XiaoGang & Yang, Yibai, 2012. "Patent protection with a cooperative R&D option," Economics Letters, Elsevier, vol. 116(3), pages 469-471.
  • Handle: RePEc:eee:ecolet:v:116:y:2012:i:3:p:469-471
    DOI: 10.1016/j.econlet.2012.04.031
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    References listed on IDEAS

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    1. Mukherjee, Arijit, 2006. "Patents and R&D with imitation and licensing," Economics Letters, Elsevier, vol. 93(2), pages 196-201, November.
    2. Rockett, Katharine, 1990. "The quality of licensed technology," International Journal of Industrial Organization, Elsevier, vol. 8(4), pages 559-574, December.
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    Cited by:

    1. Yang, Yibai, 2013. "Optimal patent policy, research joint ventures, and growth," Economics Letters, Elsevier, vol. 118(2), pages 381-384.

    More about this item

    Keywords

    Cooperative R&D; Patent protection; R&D incentives;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • O38 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Government Policy

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