This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the … equilibria). In contrast to patents, subsidies to experimentation, research, or innovation cannot typically achieve this … project to implement. A successful innovation can be copied by other firms. Symmetric equilibria (where actions do not depend …

This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the … equilibria). In contrast to patents, subsidies to experimentation, research, or innovation cannot typically achieve this … project to implement. A successful innovation can be copied by other firms. Symmetric equilibria (where actions do not depend …

This paper studies a simple model of experimentation and innovation. Our analysis suggests that patents may improve the … equilibria). In contrast to patents, subsidies to experimentation, research, or innovation cannot typically achieve this … project to implement. A successful innovation can be copied by other firms. Symmetric equilibria (where actions do not depend …

questions. The economy consists of many industries and firms engaged in cumulative (step-by-step) innovation. IPR policy … regulates whether followers in an industry can copy the technology of the leader and also how much they have to pay to license … past innovations. With full patent protection, followers can catch up to the leader in their industry either by making the …

questions. The economy consists of many industries and firms engaged in cumulative (step-by-step) innovation. IPR policy … regulates whether followers in an industry can copy the technology of the leader and also how much they have to pay to license … past innovations. With full patent protection, followers can catch up to the leader in their industry either by making the …

questions. The economy consists of many industries and firms engaged in cumulative (step-by-step) innovation. IPR policy … regulates whether followers in an industry can copy the technology of the leader and also how much they have to pay to license … past innovations. With full patent protection, followers can catch up to the leader in their industry either by making the …