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Patent Protection As A Stimulant for Risky Innovation. Could TRIPS be Counterproductive?

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  • Andreas Panagopoulos

Abstract

This paper introduces the idea that strong patent protection can lead innovators to rest on their laurels, into a simple tournament based framework. Concentrating on optimal patent protection, the one that maximizes production, the model shows that there is a positive relationship between the ability of the economy (firm) to innovate and how strong patent protection should be. This line of thinking runs counter to the uniÞed intellectual property regime, as introduced by TRIPS.

Suggested Citation

  • Andreas Panagopoulos, 2004. "Patent Protection As A Stimulant for Risky Innovation. Could TRIPS be Counterproductive?," Bristol Economics Discussion Papers 04/566, School of Economics, University of Bristol, UK.
    • Handle: RePEc:bri:uobdis:04/566
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    File URL: http://www.bristol.ac.uk/efm/media/workingpapers/working_papers/pdffiles/dp04566.pdf
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    References listed on IDEAS

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    More about this item

    Keywords

    Intellectual property; sequential innovation; tournaments.;
    All these keywords.

    JEL classification:

    • K0 - Law and Economics - - General
    • O11 - Economic Development, Innovation, Technological Change, and Growth - - Economic Development - - - Macroeconomic Analyses of Economic Development
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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