Lin, Hwan C. - Volkswirtschaftliche Fakultät, … - 2013
This paper presents more channels through which the optimal patent life is determined in a R&D-based endogenous growth … differentiation. As a result, a patent’s effective life is endogenized and less than its legal life. The model is calibrated to a … global economy with a set of baseline parameter values. Under the benchmark patent length of 20 years, the calibrated model …