Optimal patent policy, research joint ventures, and growth
The patent-and-growth studies have found that there may be welfare loss without optimizing both patent breadth and the division of profit in competitive research joint ventures (NJs). This paper examines the effects of patent policy on an R&D-based growth model where innovations are produced by cooperative research joint ventures (CJs). We show that CJs always generate a higher equilibrium growth rate than NJs, and the social optimum can be achieved with CJs in equilibrium when only patent breadth is chosen optimally.
Please report citation or reference errors to , or , if you are the registered author of the cited work, log in to your RePEc Author Service profile, click on "citations" and make appropriate adjustments.:
- Chu, Angus C. & Furukawa, Yuichi, 2011.
"On the optimal mix of patent instruments,"
Journal of Economic Dynamics and Control,
Elsevier, vol. 35(11), pages 1964-1975.
- Che, XiaoGang & Yang, Yibai, 2012.
"Patent Protection with a Cooperative R&D Option,"
2012-6, University of Alberta, Department of Economics.
- O'Donoghue, Edward & Zweimüller, Josef, 1998.
"Patents in a Model of Endogenous Growth,"
CEPR Discussion Papers
1951, C.E.P.R. Discussion Papers.
- Richard Gilbert and Carl Shapiro., 1989.
"Optimal Patent Length and Breadth,"
Economics Working Papers
89-102, University of California at Berkeley.
- Paul Klemperer, 1990.
"How Broad Should the Scope of Patent Protection Be?,"
RAND Journal of Economics,
The RAND Corporation, vol. 21(1), pages 113-130, Spring.
- Klemperer, Paul, 1990. "How Broad Should the Scope of Patent Protection Be?," CEPR Discussion Papers 392, C.E.P.R. Discussion Papers.
- Gene M. Grossman & Elhanan Helpman, 1989.
"Quality Ladders in the Theory of Growth,"
NBER Working Papers
3099, National Bureau of Economic Research, Inc.
- Amalia Yiannaka, 2009. "When Less Is More: Optimal Patent Breadth under the Threat of Patent Validity Challenges," Southern Economic Journal, Southern Economic Association, vol. 75(4), pages 1067-1093, April.
- Reinhilde Veugelers & Katrien Kesteloot, 1996. "Bargained shares in joint ventures among asymmetric partners: Is the matthew effect catalyzing?," Journal of Economics, Springer, vol. 64(1), pages 23-51, February.
When requesting a correction, please mention this item's handle: RePEc:eee:ecolet:v:118:y:2013:i:2:p:381-384. See general 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: (Zhang, Lei)
If references are entirely missing, you can add them using this form.