Langinier, Corinne - Iowa State University of Science and Technology <Ames, … - 2004
innovation. Yet, firms do patent, as indicated by the largenumber of patents that are granted. This paper offers a possible …Recent surveys report that firms claim they do not rely heavily on patents in order toappropriate a return on their … resolution to this puzzle.It takes a simplified version of a duopoly innovation race, and studies the patenting decisionof an …