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This paper analyzes the effects of different sources of R&D funding and patent office attributes on the patenting process. Another important contribution is modeling the effect of a random delay in the ‘pendency’ time as a stochastic process and quantifying its effect on patenting. The...
Persistent link: https://www.econbiz.de/10005561418
In a model of sequential patent races, it is examined whether or not introducing a patent law in the home country is beneficial to the firms and the society as a whole given the foreign country already offers patent protection. Before the first patent race starts, the firms and the foreign...
Persistent link: https://www.econbiz.de/10005062435
When the home country introduces a patent law after the winner of the patent race is known the country's welfare may rise only if the domestic firm wins. If the home country decides before the patent race ends, the welfare may be increased when the probability that the domestic firm wins is...
Persistent link: https://www.econbiz.de/10005556017
Software is a potentially excludable public good. It is possible, at some cost, to exclude non-paying users from its consumption by using copyright law or technological restraints. Licensing the software under proprietary license terms makes of it a private good, licensing it under the BSD does...
Persistent link: https://www.econbiz.de/10005134417
This paper offers a theoretical treatment of information disclosure through patenting. We consider a signaling model in which two domestic firms disclose their competencies to a foreign firm. Conditions are discussed under which separating and pooling equilibria occur, together with a...
Persistent link: https://www.econbiz.de/10005134533
The existing literature on the sources and nature of productivity growth during the early industrialization stages of U.S. has identified the combination of intellectual property rights (IPRs) with a large middle class and broad participation in markets as explanations for the extraordinary...
Persistent link: https://www.econbiz.de/10005407698
The growth effects of intellectual property right (IPR) protection are examined in a quality-ladder model of endogenous growth. Stronger IPR protection, which reduces the probability of imitation, raises the reward for innovation. However, stronger protection reduces the number of competitive...
Persistent link: https://www.econbiz.de/10005555997
The economics of information goods suggest the need for institutional intervention to address the problem of revenue extraction from investments in resources characterized by high fixed costs of production and low marginal costs of reproduction and distribution. Solutions to the appropriation...
Persistent link: https://www.econbiz.de/10005118747
This paper examines whether patenting increases the private incentives to innovate in manufacturing. To study this … incentives to innovate in products but not in processes and, conversely, the value of product innovations only – and not the one … of process innovations – increases the incentives to patent. Second, we find that the distributions of product …
Persistent link: https://www.econbiz.de/10005118819
The rate of patenting in the U.S. has exploded in the last half of the 1990s. It is widely believed that the increase in patent grants is at least partly a result of the apparent decline in examination standards. There has been little exploration, however, of the theoretical prediction that a...
Persistent link: https://www.econbiz.de/10005561475