Please use this identifier to cite or link to this item: http://hdl.handle.net/10419/70305
Authors: 
O'Donoghue, Ted
Zweimüller, Josef
Year of Publication: 
1998
Series/Report no.: 
Reihe Ökonomie / Economics Series, Institut für Höhere Studien (IHS) 56
Abstract: 
This paper examines patent protection in an endogenous-growth model. Our aim is twofold. First, we show how the patent policies discussed by the recent patent-design literature can influence R&D in the endogenous-growth framework, where the role of patents has been largely ignored. Second, we explore how the general-equilibrium framework contributes to the results of the patent-design literature. In a general-equilibrium model, both incentives to innovate and monopoly distortions depend on the proportion of industries that conduct R&D. Furthermore, patents affect the allocation of R&D resources across industries, and patents can distort resources away from industries where they are most productive.
Subjects: 
innovation
patent policy
intellectual property
patent
design
JEL: 
O31
O34
O38
Document Type: 
Working Paper

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