When the home country introduces a patent law after the winner of the patent race is known the country's welfare may … rise only if the domestic firm wins. If the home country decides before the patent race ends, the welfare may be increased …

government grants. We argue that there is no single best mechanism for supporting research. Rather, mechanisms can only be … an intramural activity to largely a grant process. Finally, we observe that much research is supported by a hybrid system …

government grants. We argue that there is no single best mechanism for supporting research. Rather, mechanisms can only be … an intramural activity to largely a grant process. Finally, we observe that much research is supported by a hybrid system …

the consequences of a stronger patent system. The first results obtained in our article are rather consistent with the … anti-patent arguments and they do not favour the case for a stronger patent system: higher social welfare and technical … progress are observed in our model in industries with milder patent systems (lower patent height and patent life) …

biomedical research commons. These efforts represent a significant shift towards "privatizing" patent regulation. Through a new … biomedical research commons. It concludes by exploring the significant ramifications of this development for patent law …Patents on biomedical research tools - technological inputs to experimentation - may inhibit scientific inquiry and the …