Patents, research exemption, and the incentive for sequential innovation

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Show simple item record Moschini, Giancarlo en_US Yerokhin, Oleg en_US
dc.contributor.editor en_US 2012-02-02T11:02:09Z 2012-02-02T11:02:09Z 2008 en_US
dc.identifier 2007002320 en_US
dc.identifier.citation Moschini Giancarlo and Yerokhin Oleg 2008, 'Patents, research exemption, and the incentive for sequential innovation', Blackwell, vol. 17, no. 2, pp. 379-412. en_US
dc.identifier.issn 1058-6407 en_US
dc.identifier.other C1 en_US
dc.description.abstract We develop a quality ladder model to study the R&D incentive impacts of intellectual property rights with a ?research exemption? or ?experimental use? provision. The innovation process is sequential and cumulative and takes place alongside production in an infinite-horizon setting. We solve the model under two distinct intellectual property regimes, characterize the properties of the relevant Markov perfect equilibria, and investigate the profit and welfare effects of the research exemption. We find that firms, , always prefer full patent protection. The welfare ranking of the two intellectual property regimes, on the other hand, depends on the relative magnitudes of the costs of initial innovation and improvements. en_US
dc.language en_US
dc.publisher Blackwell en_US
dc.relation.isbasedon en_US
dc.title Patents, research exemption, and the incentive for sequential innovation en_US
dc.parent Journal of Economics and Management Strategy en_US
dc.journal.volume 17 en_US
dc.journal.number 2 en_US
dc.publocation US en_US
dc.identifier.startpage 379 en_US
dc.identifier.endpage 412 en_US BUS.School of Finance and Economics en_US
dc.conference Verified OK en_US
dc.for 140200 en_US
dc.personcode 0000041814 en_US
dc.personcode 102532 en_US
dc.percentage 100 en_US Applied Economics en_US
dc.classification.type FOR-08 en_US
dc.edition en_US
dc.custom en_US en_US
dc.location.activity en_US
dc.description.keywords en_US
dc.staffid 102532 en_US

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