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On the Socially Optimal Patent Policy

Author

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  • Takalo, T.

Abstract

The performance of the institutional structure protecting intellectual property is a matter of deep concern in determining economic well-being. Unfortunately, economic theory has been of little help in providing straightforward advice for policy-makers, the range of contradictory results reported in literature being rather impressive. The aim of this article is to develop a very stylised model that encompasses a variety of different findings, and to derive a general rule for the optimal patent policy.

Suggested Citation

  • Takalo, T., 1999. "On the Socially Optimal Patent Policy," University of Helsinki, Department of Economics 458, Department of Economics.
  • Handle: RePEc:fth:helsec:458
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    Keywords

    PATENTS ; INNOVATIONS ; RESEARCH AND DEVELOPMENT;

    JEL classification:

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

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