This article explores the propensity to patent in the light of the disclosure effect. Unlike earlier approaches … facilitating inventing around the patent for competitors. In our theoretical model, we find that the disclosure effect - contingent … on the competitive environment of the inventor - possibly has substantial negative effects on the propensity to patent …

challenger invests more into R&D in order to enter a new market than the incumbent. Thus, the patent racing model by Reinganum …

patent terms vary: inventions that commercialize at the time of invention receive a full patent term, whereas inventions that … - effective patent terms. We present a simple model formalizing how this variation may distort research and development (R&D). We …, effective patent terms longer - for drugs targeting late-stage cancer patients, relative to drugs targeting early-stage cancer …