Template-Type: ReDIF-Paper 1.0
Author-Name: Meller Leandro Matías
Author-Name-First: Leandro Matías
Author-Name-Last: Meller
Title: Incentives in R&D markets: Analysing the relation between the elasticities of patent values and the optimality of patent policy
Abstract: The objective of this article is to analyse the relation between the conditions for the optimality of patent policy and the elasticities of the social and private values of innovation. It is also an objective to study the influence of the coexistence of independent innovations and the cumulative nature of innovation in such conditions. Three models have been proposed: the first one textcite{takalo2001} represents a scenario with an isolated innovation, the second one features two independent innovations, and the third model features two linked innovations, one of which is a ``research tool'' for the development and the introduction of the other one. Sufficient conditions for the optimality of patents with maximum breadth or infinite length were presented.
Length:  27 pages
Creation-Date:  2023-11
File-URL: https://aaep.org.ar/works/works2023/4669.pdf
File-Format: Application/pdf
Number: 4669
Classification-JEL: O34, K3
Handle: RePEc:aep:anales:4669