Creative Destruction and Optimal Patent Life in a Variety-Expanding Growth Model.

This article presents more channels through which the optimal patent life is determined in a R&D-based endogenous growth model with an expanding variety of consumer goods. It features an endogenous hazard rate at which patented firms' monopoly profits are 'creatively destructed' by arrivals of newer...

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Publicado en:	Southern Economic Journal Vol. 81; no. 3; pp. 803 - 829
Autor principal:	Lin, Hwan C.
Formato:	Artículo
Publicado:	Wiley-Blackwell Jan2015
Materias:	Economic development Patents Industrial property Endogenous growth (Economics) Endogeneity (Econometrics)
Acceso en línea:	Ver este registro en EBSCOhost