Chen, Yongmin; Pan, Shiyuan; Zhang, Tianle - In: Journal of Economic Behavior & Organization 98 (2014) C, pp. 115-124
Under continual innovation, greater patent strength expands innovating firms’ profit against imitation, but also shifts … effect is negligible, and innovation monotonically increases in patent strength; otherwise, innovation has an inverted …-U relationship with patent strength, and stronger patents are more likely to increase innovation when the discount factor or the …