Working Paper No. 01-13 Patentability, Industry Structure, And Innovation

By Hunt, Robert M.

Book Id: WPLBN0000166656
Format Type: PDF eBook
File Size: 0.2 MB
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Title:	Working Paper No. 01-13 Patentability, Industry Structure, And Innovation
Author:	Hunt, Robert M.
Volume:
Language:	English
Subject:	Trade, Import and export controls, Federal Trade Commission (U.S.)
Collections:	Economics Publications Collection, Federal Trade Commission
Historic Publication Date:
Publisher:	Government Printing Office


Citation APA MLA Chicago Hunt, R. M. (n.d.). Working Paper No. 01-13 Patentability, Industry Structure, And Innovation. Retrieved from http://gutenberg.cc/

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Government Reference Publication

Excerpt
Abstract: This paper evaluates a model of sequential innovation in which industry structure (the number of firms) is endogenous and a standard of patentability determines the proportion of all inventions that qualify for protection. In equilibrium, the number of firms actively engaged in R&D is the primary determinant of an industry?s rate of progress. The patentability standard affects firms' entry decisions because it affects the expected profits associated with innovations.