The objective of patent rights is to foster innovation and economic growth. However, to date, there is little robust … evidence that patents ldquo;workrdquo; as intended. Here, we study the impact of changes in effective patent rights within … panels of up to 54 manufacturing industries in up to 72 countries between 1981-2000. We find that more patent …

questions. The economy consists of many industries and firms engaged in cumulative (step-by-step) innovation. IPR policy … past innovations. With full patent protection, followers can catch up to the leader in their industry either by making the … same innovation(s) themselves or by making some pre-specified payments to the technological leaders. We prove the existence …

We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …

We study a dynamic general equilibrium model where innovation takes the form of the introduction new goods, whose … production requires skilled workers. Innovation is followed by a costly process of standardization, whereby these new goods are … substitution between goods and other parameters. Third, we show that the interplay between innovation and standardization may lead …