Patents, Trade Secrets and the Correlation Among R&D Projects
In patent race models, firms' noncooperatively chosen research projects typically display too much correlation. But when there are multiple intellectual property rights protection instruments, we find that the paths chosen in an R&D race can move towards the social optimum.
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|Date of creation:||01 Apr 2006|
|Date of revision:|
|Publication status:||Published in Economics Letters, April 2006, vol. 91 no. 1, pp. 131-137|
|Contact details of provider:|| Postal: Iowa State University, Dept. of Economics, 260 Heady Hall, Ames, IA 50011-1070|
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Web page: http://www.econ.iastate.edu
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