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of the receiving country. We test the empirical implications of our model using patent data in renewable and fossil … Moment estimator. We show that knowledge transfer through patent duplication increases with the level of IPR protection, but … more sensitive to uncertainty. Commitment to EPs also increases the incentives for patent duplication. The magnitude of the …
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We study the effect of the fragmentation of intellectual property rights on optimal patent design. The major finding is … requirements should be stronger than in the case of stand-alone innovation. This reduces the fragmentation of intellectual property …, which is socially costly. However, to preserve the incentives to innovate, if a patent is granted the strength of protection …
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The effects of capital requirements on risk-taking and welfare are studied in a stochastic overlapping generations model of endogenous growth with banking, limited liability, and government guarantees. Capital producers face a choice between a safe technology and a risky (but socially...
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cases policy should favour R&D by incumbents, not outsiders, and that stronger patent protection may reduce innovation and … growth. -- Technological Lead ; Innovation ; R&D …
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