This study develops an R&D-based growth model with vertical and horizontal innovation to shed some light on the current … debate on whether patent protection stimulates or stifles innovation. We analyze the effects of patent protection in the form … of blocking patents. We show that patent protection changes the direction of innovation by having asymmetric effects on …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …

their impact on innovation. However, North-South models usually constrain the South to imitative activity which generates a …

Intellectual Property Rights (IPRs) protection in terms of its impact on innovation and technology transfer, as well as economic … surveying the theoretical and empirical literature linking the protection of IPRs to economic growth, innovation and technology …

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 …