کد مقاله کد نشریه سال انتشار مقاله انگلیسی نسخه تمام متن
957525 928532 2007 29 صفحه PDF دانلود رایگان
عنوان انگلیسی مقاله ISI
Dynamic analysis of patent policy in an endogenous growth model
موضوعات مرتبط
علوم انسانی و اجتماعی اقتصاد، اقتصادسنجی و امور مالی اقتصاد و اقتصادسنجی
پیش نمایش صفحه اول مقاله
Dynamic analysis of patent policy in an endogenous growth model
چکیده انگلیسی

In this paper, we explore the dynamic properties of an endogenous growth model with finite patent length. We show that there exists a unique equilibrium growth path and that this path exhibits damped oscillations in contrast to the equilibrium path of an endogenous growth model with infinite patent length. We also examine the effects of patent policy on social welfare and show that infinite patent length does not maximize social welfare. Furthermore, we show that, in a growth model that does not exhibit scale effects, a finite patent length maximizes social welfare on the balanced growth path.

ناشر
Database: Elsevier - ScienceDirect (ساینس دایرکت)
Journal: Journal of Economic Theory - Volume 132, Issue 1, January 2007, Pages 306–334
نویسندگان
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