. The patenting monopoly, which is almost certainly undesirable, is now being eroded. Rising global trade and technological …

In this paper we study the welfare effect of a monopoly innovation. Unlike many partial equilibrium models carried out …, the criticism against monopoly innovation based on its increased deadweight loss is less accurate than previously … technical innovation carried out by a monopolist could significantly increase the social welfare. We conclude that, in general …

outcome. The totality of possible outcomes drives the national innovation system and the returns to a particular successful … required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary … innovation is not the same innovation freely available but the unchanged generic technology. Growth is concentrated in any …

agenda to integrate major research streams treating innovation as an object of economic analysis into our standard models … outcome. The totality of possible outcomes drives the national innovation system and the returns to a particular successful … required to motivate investment attempting to turn them into an innovation. The alternative to a valuable proprietary …