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This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the allocation of resources by encouraging rapid experimentation and efficient ex post transfer of knowledge across firms. Each firm receives a private signal on the success...
Persistent link: https://www.econbiz.de/10012707491
This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the allocation of resources by encouraging rapid experimentation and efficient ex post transfer of knowledge across firms. Each firm receives a private signal on the success...
Persistent link: https://www.econbiz.de/10012753422
This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the allocation of resources by encouraging rapid experimentation and efficient ex post transfer of knowledge across firms. Each firm receives a private signal on the success...
Persistent link: https://www.econbiz.de/10012464239
Persistent link: https://www.econbiz.de/10003785548
Persistent link: https://www.econbiz.de/10003408880
Persistent link: https://www.econbiz.de/10003431355
Persistent link: https://www.econbiz.de/10009234046
past innovations. With full patent protection, followers can catch up to the leader in their industry either by making the … simple form of licensing. Second, we show that full patent protection is not optimal from the viewpoint of maximizing the …
Persistent link: https://www.econbiz.de/10012747875
past innovations. With full patent protection, followers can catch up to the leader in their industry either by making the … simple form of licensing. Second, we show that full patent protection is not optimal from the viewpoint of maximizing the …
Persistent link: https://www.econbiz.de/10012465887
past innovations. With full patent protection, followers can catch up to the leader in their industry either by making the … simple form of licensing. Second, we show that full patent protection is not optimal from the viewpoint of maximizing the …
Persistent link: https://www.econbiz.de/10014053845