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Evidence on the "funding gap" for R&D is surveyed. The focus is on financial market reasons for underinvestment in R&D that persist even in the absence of externality-induced underinvestment. The conclusions are that 1) small and new innovative firms experience high costs of capital that are...
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the social benefits of their innovations if innovation is to be suitably rewarded and encouraged. However, this paper … deadweight loss associated with the patent system and discourage innovation by others. Economic efficiency is promoted if rewards … the patent system designed to spur innovation by better aligning the rewards and contributions of patent holders …
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Keywords: patents, innovation, oligopoly JEL codes: L13, O31. ABSTRACT: Many inventions, great and small, are …
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We investigate optimal rewards in an R&D model where substitute ideas for innovation arrive to random recipients at …
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support efficient R&D investment by duopolists racing to discover a single innovation generalizes to the structure that …
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Enforcement and Intellectual Property Rights: Promoting Innovation and Competition, released in April 2007 (“IP Reportâ€).1 …
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