Arbeitspapier

Patents in a model of endogenous growth

This paper examines patent protection in an endogenous-growth model. Our aim is twofold. First, we show how the patent policies discussed by the recent patent-design literature can influence R&D in the endogenous-growth framework, where the role of patents has been largely ignored. Second, we explore how the general-equilibrium framework contributes to the results of the patent-design literature. In a general-equilibrium model, both incentives to innovate and monopoly distortions depend on the proportion of industries that conduct R&D. Furthermore, patents affect the allocation of R&D resources across industries, and patents can distort resources away from industries where they are most productive.

Language
Englisch

Bibliographic citation
Series: Reihe Ökonomie / Economics Series ; No. 56

Classification
Wirtschaft
Innovation and Invention: Processes and Incentives
Intellectual Property and Intellectual Capital
Technological Change: Government Policy
Subject
innovation
patent policy
intellectual property
patent
design

Event
Geistige Schöpfung
(who)
O'Donoghue, Ted
Zweimüller, Josef
Event
Veröffentlichung
(who)
Institute for Advanced Studies (IHS)
(where)
Vienna
(when)
1998

Handle
Last update
10.03.2025, 11:45 AM CET

Data provider

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Object type

  • Arbeitspapier

Associated

  • O'Donoghue, Ted
  • Zweimüller, Josef
  • Institute for Advanced Studies (IHS)

Time of origin

  • 1998

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