| Article ID | Journal | Published Year | Pages | File Type |
|---|---|---|---|---|
| 5062278 | Economics Letters | 2006 | 6 Pages |
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.
Related Topics
Social Sciences and Humanities
Economics, Econometrics and Finance
Economics and Econometrics
Authors
Arijit Mukherjee,