Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/155117
Authors: 
Bucci, Alberto
Saglam, H. C.
Year of Publication: 
2000
Series/Report no.: 
Nota di Lavoro, Fondazione Eni Enrico Mattei 63. 2000
Abstract: 
Using a vertical differentiation model of endogenous growth with stochastic R&D activity, we characterise the optimal patent lifetime a government would set in order to maximise economic growth. We show that a finite patent lifetime does exist and is unique provided that the expected rate of return from R&D is sufficiently large. Additionally, we analyse the impact of the level of competition in the R&D sector, the interest rate, the monopoly profit and the productivity parameter of research technology on this optimal patent lifetime.
Subjects: 
Endogenous growth
patents lifetime
innovation
JEL: 
O31
O38
O41
Document Type: 
Working Paper

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