firms may protect their inventions by means of intellectual property rights, such as patents. By taking out a patent … functioning of the contemporary patent system. We find that patenting firms are being less confronted with imitation. The effect … of patents on the dissemination of R&D findings is, however, insignificant. Therefore, we conclude that patent …

challenger invests more into R&D in order to enter a new market than the incumbent. Thus, the patent racing model by Reinganum …

Many countries have introduced patent box regimes in recent years, offering a reduced tax rate to businesses for their … IP-related income. In this paper, we analyze the effects of patent box regimes when countries can simultaneously use … patent boxes and R&D subsidies to promote innovation. We show that when countries set their tax policies non …