innovation. Innovation changes the status quo pay-off, and thereby affects the distribution of the gains from collusion. The … resulting innovation incentive is strictly smaller than in the competitive case. …

Policymakers all over the world claim: no innovation without protection. For more than a century, critics have objected …. It is possible to model innovation as a prisoner's dilemma between potential innovators, and to interpret intellectual …

Policymakers all over the world claim: no innovation without protection. For more than a century, critics have objected …. It is possible to model innovation as a prisoner's dilemma between potential innovators, and to interpret intellectual …

The imperfect appropriability of revenues from innovation affects the incentives of firms to invest, and to disclose … information about their innovative productivity. It creates a free-rider effect in the competition for the innovation that … strategic disclosure for the firms.profits and the probability of innovation. …

initial inventor on the one hand and overall innovation incentives on the other hand. We find that incomplete patent … protection can positively affect overall innovation incentives while maintaining the advantageousness of patent protection over …