Patent Protection and Strategic Delays in Technology Development: Implications for Economic Growth.
We present an endogenous growth model in which both the investment to develop a new technology -- that upgrades the quality of machines -- and entry of imitators are determined endogenously. According to the model, how soon the new-technology machine is launched after the patent is granted is influe...
| Publicado en: | Southern Economic Journal Vol. 78; no. 1; pp. 211 - 233 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Jul2011
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=63485087&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 63485087 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 00384038 SEJ jtl: Southern Economic Journal issn: 00384038 maglogo: N pubinfo: dt: Jul2011 vid: 78 iid: 1 pid: 480 pub: Wiley-Blackwell artinfo: ui: 63485087 10.4284/0038-4038-78.1.211 ppf: 211 ppct: 22 formats: fmt: – @attributes: type: T – @attributes: type: P size: 11.5MB tig: atl: Patent Protection and Strategic Delays in Technology Development: Implications for Economic Growth. aug: au: Chen, Maggie Xiaoyang Iyigun, Murat affil: Department of Economics/Elliott School of International Affairs, George Washington University, 2115 G Street, NW, Suite 367, Washington, DC 20052, USA Department of Economics, University of Colorado at Boulder, 256 UCB, Boulder, CO 80309, USA, and IZA su: Technological innovations Economic development Investments Patents Product counterfeiting sug: subj: Technological innovations Economic development Investments Miscellaneous Financial Investment Activities Investment Advice Offices of Lawyers All Other Legal Services Patents Product counterfeiting ab: We present an endogenous growth model in which both the investment to develop a new technology -- that upgrades the quality of machines -- and entry of imitators are determined endogenously. According to the model, how soon the new-technology machine is launched after the patent is granted is influenced by two factors: returns to scale in technology development and "strategic delays." Strategic delays in technology development are most likely to occur when earlier dates of success enable imitators to enter an industry, that is, when imitation is swift and relatively cheap and/or patent protection is relatively lengthy. We then explore the link between the optimal patent length and economic growth and find that the equilibrium investment in technology development and thus the expected rate of technological progress exhibit an inverted U-shape relationship with respect to the legal patent length. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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