This paper examines patent protection in an endogenous-growth model. Our aim is two-fold. First, we show how the patent … policies discussed by the recent patent-design literature can influence R&D in the endogenous-growth framework, where the role …

quickly. Also, the approval delay is likely to decrease as an industry moves from the early stages of an innovation cycle to …

We study and endogenous growth model where a profit-motivated R&D sector coexists with the introduction of free … by a monopoly owned by the inventor. We show that philanthropy does not necessarily increase long-run growth and that it … may even reduce welfare. The reason is that it crowds our proprietary innovation, which on net may reduce total innovation …

innovation policy in the context of EU economic law (competition policy, intellectual property law, sector regulation). As such … law that moves beyond apparent conflicts and assumes innovation as the starting point. Taking this as the foundation, the … analytical grid to be used to identify ways in which economic law impacts innovation, and second an applied component that …

We show that when the researcher’s (observable but not contractible) contribution to innovation is crucial, a covenant …

This paper quantifies the relationship between market size and innovation in the pharmaceutical industry. We estimate … the elasticity of innovation, as measured by the number of new chemical entities appearing on the market for a given … the hypothesis that innovation in pharmaceuticals is becoming more difficult and expensive over time, as costs of …

We construct a competitive model of innovation and growth under constant returns to scale. Previous models of growth … under constant returns cannot model technological innovation. Current models of endogenous innovation rely on the interplay … innovation and sees the non-rivalrous nature of ideas as a natural conduit to increasing returns. The results here challenge the …