Patents in a model of endogenous growth

Arbeitspapier

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.

Object Details

• Language: Englisch

References and Relationships

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

Classification and Topics

• 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

Contributors, Places and Time

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

Further information

• Handle: http://hdl.handle.net/10419/70305
• Last update: 10.03.2025, 11:45 AM CET