. Under speed-dependent evolution, a patent-based system will fail to target socially optimal innovation size. The overall … competitors. The paper examines the capacity for decentralised patent-based incentive mechanisms to result in socially optimal … incompatibility between the dynamics of the patent system and the dynamics of the resistance problem under both types of evolution …

This paper studies the consequences of parallel import (PI) on process innovation of firms heterogeneous in their …. The impact of PI on innovation is determined by the degree of heterogeneity between firms and trade costs. Increasing … market, hence increases its innovation efforts. A tariff policy accompanied by opening borders to PI only increases welfare …

's principal-agent structure following privatization, and incentives to invest in R&D and to patent. We compare the pre and post …