Patents, research exemption, and the incentive for sequential innovation

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Show simple item record Moschini, G Yerokhin, O 2012-02-02T11:02:09Z 2008-01
dc.identifier.citation Journal of Economics and Management Strategy, 2008, 17 (2), pp. 379 - 412
dc.identifier.issn 1058-6407
dc.identifier.other C1 en_US
dc.description.abstract We develop a quality ladder model to study the R&D incentive impacts of intellectual property rights with a research exemption or experimental use provision. The innovation process is sequential and cumulative and takes place alongside production in an infinite-horizon setting. We solve the model under two distinct intellectual property regimes, characterize the properties of the relevant Markov perfect equilibria, and investigate the profit and welfare effects of the research exemption. We find that firms, , always prefer full patent protection. The welfare ranking of the two intellectual property regimes, on the other hand, depends on the relative magnitudes of the costs of initial innovation and improvements.
dc.publisher Blackwell
dc.relation.isbasedon 10.1111/j.1530-9134.2008.00182.x
dc.title Patents, research exemption, and the incentive for sequential innovation
dc.type Journal Article
dc.parent Journal of Economics and Management Strategy
dc.journal.volume 2
dc.journal.volume 17
dc.journal.number 2 en_US
dc.publocation US en_US
dc.identifier.startpage 379 en_US
dc.identifier.endpage 412 en_US BUS.School of Finance and Economics en_US
dc.conference Verified OK en_US
dc.for 1402 Applied Economics
dc.personcode 102532
dc.percentage 100 en_US Applied Economics en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US en_US
dc.location.activity en_US
dc.description.keywords en_US
pubs.embargo.period Not known
pubs.organisational-group /University of Technology Sydney
pubs.organisational-group /University of Technology Sydney/Faculty of Business
utslib.copyright.status Closed Access 2015-04-15 12:17:09.805752+10
utslib.collection.history Closed (ID: 3)

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