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When Does Patent Protection Stimulate Innovation?

  • Andreas Panagopoulos

    ()

Patents act as an incentive to innovate. However, as this paper argues, patents can lead the patent holder to rest on his laurels and at the same time discourage some innovators from innovating, reducing knowledge spillovers. The combined result of the above suggests an inverse U relationship between patent protection and output growth.

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File URL: http://www.efm.bris.ac.uk/economics/working_papers/pdffiles/dp04565.pdf
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Paper provided by Department of Economics, University of Bristol, UK in its series Bristol Economics Discussion Papers with number 04/565.

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Length: 27 pages
Date of creation: Nov 2004
Date of revision:
Handle: RePEc:bri:uobdis:04/565
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