Title of article
Patents and R&D with imitation and licensing
Author/Authors
Arijit Mukherjee، نويسنده ,
Issue Information
روزنامه با شماره پیاپی سال 2006
Pages
6
From page
196
To page
201
Abstract
We show the effect of patent protection on R&D investment in the presence of ‘inventing around’ (or ‘non-infringing’ imitation) and technology licensing. Though the ‘tournament effect’ under patent protection may reduce R&D investment, we show that the effect of either imitation or technology licensing may always dominate the tournament effect and create higher R&D investment under patent protection. The effect of higher R&D investment on welfare is ambiguous.
Keywords
R&D , Patent protection , Technology licensing , Knowledge spillover , Inventing around
Journal title
Economics Letters
Serial Year
2006
Journal title
Economics Letters
Record number
436066
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