Policymakers all over the world claim: no innovation without protection. For more than a century, critics have objected …. It is possible to model innovation as a prisoner's dilemma between potential innovators, and to interpret intellectual … problem is indeed a prisoner's dilemma, in many situations intellectual property is an inappropriate cure. It sets incentives …

initial inventor on the one hand and overall innovation incentives on the other hand. We find that incomplete patent … protection can positively affect overall innovation incentives while maintaining the advantageousness of patent protection over …