Cysne, Rubens P.; Turchick, David - In: Journal of Economic Dynamics and Control 36 (2012) 6, pp. 851-861
We present an analytical solution to the lab-equipment R&D growth model with an exogenous rate of imitation and apply it to study the optimal level of intellectual property rights (IPR) protection. This has already been studied in Kwan and Lai (2003); however, a mistake in writing out the...