Patents and R&D: The tournament effect

被引:25
作者
Chowdhury, PR [1 ]
机构
[1] Delhi Ctr, Indian Stat Inst, New Delhi 110016, India
关键词
patents; R&D incentive; tournament effect; licensing;
D O I
10.1016/j.econlet.2005.05.020
中图分类号
F [经济];
学科分类号
02 ;
摘要
We identify a new route through which patent protection may affect R&D incentives, the tournament effect. It may decrease R&D incentives, in which case patent protection may either adversely affect the level of R&D, or may discourage licensing. In either case, welfare may fall. (c) 2005 Elsevier B.V. All rights reserved.
引用
收藏
页码:120 / 126
页数:7
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