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government grants. We argue that there is no single best mechanism for supporting research. Rather, mechanisms can only be … an intramural activity to largely a grant process. Finally, we observe that much research is supported by a hybrid system …
Persistent link: https://www.econbiz.de/10012468794
Profit on proprietary research tools is determined partly by the remedies for infringement, such as damages and … affect the incentives to develop research tools. We show that the prevailing legal doctrine of damages under liability rule … damages. This can create insufficient incentives to develop research tools. Incentives can be improved either by a property …
Persistent link: https://www.econbiz.de/10012471710
Open source methods for creating software rely on developers who voluntarily reveal code in the expectation that other developers will reciprocate. Open source incentives are distinct from earlier uses of intellectual property, leading to different types of inefficiencies and different biases in...
Persistent link: https://www.econbiz.de/10012466507
Intellectual property treaties have two main types of provisions: national treatment of foreign inventors, and harmonization of protections. I address the positive question of when countries would want to treat foreign inventors the same as domestic inventors, and how their incentive to do so...
Persistent link: https://www.econbiz.de/10012469597
We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random times. By foregoing investment in a current idea, society as a whole preserves an option to invest in a better idea for the same market niche, but with delay. Because successive...
Persistent link: https://www.econbiz.de/10012463708