Acemoglu, Daron; Akcigit, Ufuk - 2016
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 …