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

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 …. Under scale-dependent evolution, the externalities within a patent-based system indicate that decentralised mechanisms will …