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This paper examines patent protection in an endogenous-growth model. Our aim is twofold. First, we show how the patent policies discussed by the recent patent-design literature can influence R&D in the endogenous-growth framework, where the role of patents has been largely ignored. Second, we...
Persistent link: https://www.econbiz.de/10005572015
JEL#: A12, B49, C70, D11, D60, D74, D91, E21<BR> Keywords: choice, naivete, partial naivete, present-biased preferences, procrastination, self control, sophistication, time inconsistency<BR> Recent models of procrastination due to self-control problems assume that a procrastinator considers just one...
Persistent link: https://www.econbiz.de/10005481368
Recent models of procrastination due to self-control problems assume that a procrastinator considers just one option and is unaware of her self-control problems. We develop a model where a person chooses from a menu of options and is partially aware of her self-control problems. This menu model...
Persistent link: https://www.econbiz.de/10005561790