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...
| Publicado en: | Southern Economic Journal Vol. 81; no. 3; pp. 803 - 829 |
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| Formato: | Artículo |
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Wiley-Blackwell
Jan2015
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| Acceso en línea: | Ver este registro en EBSCOhost |