inaugural product application is introduced, the costs of imitation decline. According to the model, the time between a patent … delay" in order to maintain market power. We find in particular that effective patent lengths--the interval of time between … the introduction of inaugural products and the expiration of patents--decline faster when imitation costs are relatively …

innovation can be funded by revenues from sales of copies without resort to government franchise such as patent and copyright …. Advocates of "free software", software licensed under terms which do not exploit monopoly rights of copyright or patent, have …

processes are independent, providing a theoretical argument in favor of financial markets contagion. The foreign exchange market …

currency crisis even in another unrelated country without capital linkage. Although the presence of contagion itself is not new …, it does not necessarily mean that it will never suffer contagion from some other country with better economic …

currency crisis. The model proposes a new contagion channel and shows how a currency crisis can spread from one country to … distinguish between whether a crisis is a coincidence or due to contagion when it happens in two countries. It finds that the … better the economic fundamentals in the originating crisis country, the more severe the contagion under certain conditions …

The existing literature promotes a number of alternative methods to test for the presence of contagion during financial …

The existing literature promotes a number of alternative methods to test for the presence of contagion during financial …