We consider the extended continuous time endogenous recombinant growth model with a basic IPRs system introduced by Marchese et al. (2014). In order to analyze the effect on social welfare of different IPRs policy regimes, we must carefully study the transition dynamics associated to different...

We analyze the relationship between economic growth, knowledge production and intellectual property rights. Economists and historians underline different aspects as possible causes of knowledge accumulation; the former stress the role of incentive mechanisms while the latter the autonomous...