Mukherjee, Arijit - EconWPA - 2002
This paper investigates the effect of different patent regimes on R&D investment and social welfare in a duopoly market … with uncertain R&D process. We find that strong patent protection increases R&D investment of at least one firm but whether … both firms’ R&D investment will be more under strong patent protection is ambiguous. While ex-ante welfare is more likely …