of two patent instruments (a) the patentability of basic R&D and (b) the division of profi�t between basic and applied … negative effect or an inverted-U effect on technological progress. Nonetheless, a benevolent patent authority requires both … patent instruments to achieve the socially optimal allocation in the decentralized economy. …

A special characteristic of the patent system is that it features multiple patent-policy levers that can be employed by … policymakers. In this study, we develop a quality-ladder model to analyze the optimal mix of patent instruments. Specifically, we … consider (a) patent breadth and (b) the division of profit in research joint ventures. We analytically derive optimal patent …

In this note, we explore the different implications of patent breadth and R&D subsidies on economic growth and … decrease the number of firms, whereas patent breadth expands the number of firms but reduces economic growth. Therefore, R …&D subsidy is perhaps a more suitable policy instrument than patent breadth for the purpose of stimulating economic growth. …

This letter explores the different implications of patent breadth and R&D subsidies on economic growth and endogenous … endogenous number of firms, patent breadth increases economic growth but decreases the number of firms, whereas R&D subsidies …

that if legal patent protection is too strong, a higher R&D subsidy rate delivers insufficient investments for survival in … the R&D sector, depressing innovation and growth in the long run. …

opportunity cost of cash holdings leads to a decrease in innovation and economic growth, which in turn decreases labor …

spillovers into a two-country dynamic model of innovation with the dynamic optimization of an infinitely-lived consumer. In the … model, innovation productivity in each country endogenously increases over time because of domestic learning-by-doing and …