In this paper, I investigate the effect of substitutability among final goods on welfare growth under the environment that productivity growth in each industry is not independent of one another. In such an environment, less substitutability is favorable to the welfare growth rate and the steady...

This work analyzes the incentives to acquire cost-saving production technologies when cross-participation exists at ownership level. We show that cross-participation reduces the incentives to adopt the cost-saving production technology.

Maurer and Scotchmer (2002) pointed out that patents may be inferior to other forms of intellectual property in that the independent invention is not a defence to infringement. The authors' analysis refers to situations in which there is an unlimited number of potential entrants by independent...

Recent studies underline a positive impact of Information and Communication Technologies (ICT) and new work practices on firms' productivity. In order to obtain productivity gains, firms need to provide workers with sufficient incentives and to encourage motivations. Our econometric results,...

This paper aims at ranking the value of legal patent protection among countries, using the real options approach. In particular, we manage to overcome the problem of the lack of data for those countries that do not collect patent renewal data. The econometric technique we propose is well...

In recent years there has been an increasing trend in various forms of collaboration and technology transfer between industry and universities, such as licensing, spin-offs and research joint ventures. In this paper, I provide an explanation for the choice of licensing versus research joint...

For a given set of labor market institutions, the rate of frictional unemployment depends on the evolution of the pool of job-seekers. Unemployment rises with the growth rate of labor supply that is proportionate to the rate of population growth. If economic growth is semi-endogenous, the...

The issue of the optimal licensing contract in firms having different cost structures is studied when the innovator is a producing patent holder who has three alternative licensing strategies, namely, the fixed-fee, royalty rate, and auction strategies. We conclude that the auction licensing...