Patents, Trade Secrets and the Correlation Among R&D Projects

In patent race models, firms' noncooperatively chosen research projects typically display too much correlation. But when there are multiple intellectual property rights protection instruments, we find that the paths chosen in an R&D race can move towards the social optimum.

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Year of publication:	2006-04-01
Authors:	Bulut, Harun ; Moschini, GianCarlo
Institutions:	Department of Economics, Iowa State University

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Series:	Staff General Research Papers.
Type of publication:	Book / Working Paper
Notes:	Published in Economics Letters, April 2006, vol. 91 no. 1, pp. 131-137
Source:	RePEc - Research Papers in Economics

Persistent link: https://www.econbiz.de/10005088246