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Determination Of Optimal Patent Length In Favor Of Innovation And Growth

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  • Mohamed MABROUKI

    () (ISAEG MACMA)

Abstract

Patent policy aims not only to protect industrial property, but also to create incentives for innovation and thus to encourage companies to invest more in research and development. This policy should not consider excessive protection and should not constitute a barrier to the dissemination of knowledge. Indeed, by privatizing the knowledge of innovations, excessive protection is an obstacle to the dissemination of new ideas and a barrier to entry. This could therefore slow down innovation in the long term. The purpose of this article is to determine the optimal length of the patent in favor of innovation and growth.

Suggested Citation

  • Mohamed MABROUKI, 2018. "Determination Of Optimal Patent Length In Favor Of Innovation And Growth," Journal of Smart Economic Growth, , vol. 3(1), pages 57-75, Juin.
  • Handle: RePEc:seg:012016:v:3:y:2018:i:1:p:57-75
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    File URL: https://jseg.ro/index.php/jseg/article/view/38/39
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    References listed on IDEAS

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    1. Gene M. Grossman & Elhanan Helpman, 1991. "Quality Ladders in the Theory of Growth," Review of Economic Studies, Oxford University Press, vol. 58(1), pages 43-61.
    2. Philippe Michel & Jules Nyssen, 1998. "On Knowledge Diffusion, Patents Lifetime and Innovation Based Endogenous Growth," Annals of Economics and Statistics, GENES, issue 49-50, pages 77-103.
    3. Dixit, Avinash K & Stiglitz, Joseph E, 1977. "Monopolistic Competition and Optimum Product Diversity," American Economic Review, American Economic Association, vol. 67(3), pages 297-308, June.
    4. Ted O'Donoghue & Suzanne Scotchmer & Jacques‐François Thisse, 1998. "Patent Breadth, Patent Life, and the Pace of Technological Progress," Journal of Economics & Management Strategy, Wiley Blackwell, vol. 7(1), pages 1-32, March.
    5. Jean Tirole, 1988. "The Theory of Industrial Organization," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262200716, September.
    6. repec:adr:anecst:y:1998:i:49-50 is not listed on IDEAS
    7. Scherer, F M, 1972. "Nordhaus' Theory of Optimal Patent Life: A Geometric Reinterpretation," American Economic Review, American Economic Association, vol. 62(3), pages 422-427, June.
    8. Bruno Deffains, 1997. "Progrès scientifique et analyse économique des droits de propriété intellectuelle," Revue d'Économie Industrielle, Programme National Persée, vol. 79(1), pages 95-118.
    9. repec:adr:anecst:y:1998:i:49-50:p:03 is not listed on IDEAS
    10. Judd, Kenneth L, 1985. "On the Performance of Patents," Econometrica, Econometric Society, vol. 53(3), pages 567-585, May.
    11. Ariel Pakes & Mark Schankerman, 1984. "The Rate of Obsolescence of Patents, Research Gestation Lags, and the Private Rate of Return to Research Resources," NBER Chapters, in: R&D, Patents, and Productivity, pages 73-88, National Bureau of Economic Research, Inc.
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    Keywords

    innovation; growth; patent length.;

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