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
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Englisch
- Bibliographic citation
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Series: Reihe Ökonomie / Economics Series ; No. 56
- Classification
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Wirtschaft
Innovation and Invention: Processes and Incentives
Intellectual Property and Intellectual Capital
Technological Change: Government Policy
- Subject
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innovation
patent policy
intellectual property
patent
design
- Event
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Geistige Schöpfung
- (who)
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O'Donoghue, Ted
Zweimüller, Josef
- Event
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Veröffentlichung
- (who)
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Institute for Advanced Studies (IHS)
- (where)
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Vienna
- (when)
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1998
- Handle
- Last update
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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