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Working Paper No. 01-13 Patentability, Industry Structure, And Innovation

By Hunt, Robert M.

Description
Government Reference Publication

Excerpt
Abstract: This paper evaluates a model of sequential innovation in which industry structure (the number of firms) is endogenous and a standard of patentability determines the proportion of all inventions that qualify for protection. In equilibrium, the number of firms actively engaged in R&D is the primary determinant of an industry?s rate of progress. The patentability standard affects firms' entry decisions because it affects the expected profits associated with innovations.

Book Id: WPLBN0000166656
Format Type: PDF eBook
File Size: 155.76 KB.
Reproduction Date:
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Title:

Working Paper No. 01-13 Patentability, Industry Structure, And Innovation

Author:

Hunt, Robert M.

Volume:

Language:

English

Subject:

Trade, Import and export controls, Federal Trade Commission (U.S.)

Collection:

Federal Trade Commission

Subcollection:

Historic
Publication Date:

Publisher:

Government Printing Office

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