The legal monopoly granted by the patent system has often been criticized for its inefficiency, which is exacerbated by … the peculiarities of knowledge as a public good. In this paper we aim at studying more deeply the latter concern. Hence we … description of the formation of knowledge externalities. In our framework a benevolent government buys immediately new patents in …

Intangible knowledge capital (IKC) - technology produced by workers but not embodied in them - can offset the "middle …

the welfare of rich and poor consumers. The analysis is based on a product-variety model with non-homothetic preferences …

and the welfare of rich and poor consumers. The analysis is based on a product-variety model with non …

the standards of patent protection are captured by the transfers of income between countries, with the majority of …

The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which … innovators can draw. Both of these are endogenous: Investments in innovations are affected by the pool of knowledge and the … and design of IPR affects the extent to which any innovation adds to or subtracts from the pool of ideas that are …

The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which … innovators can draw. Both of these are endogenous: Investments in innovations are affected by the pool of knowledge and the … and design of IPR affects the extent to which any innovation adds to or subtracts from the pool of ideas that are …

&D-based growth models with the return to innovation serving as the engine of growth. In this paper the authors consider the strength … institutional quality affect the economic growth and social welfare. It is found that the intermediate good firm with full IPR … to those effects on welfare-maximization since the welfare result depends on the relative degrees of the growth enhancing …