Optimal Global Patent Design
The optimal patent breadth and length is derived for an innovating and a non-innovating country in the presence of imitation. It is found that the innovating country chooses stronger patent protection than the non-innovating country. These patents are compared to the optimal global patent design and it is found they are too weak from a global perspective. Finally, it is shown that the innovating country is unambiguously better off, while the non-innovating country may be worse off with the optimal global patent design
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|Date of creation:||11 Aug 2004|
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