Chu, Angus C.; Cozzi, Guido; Galli, Silvia - Volkswirtschaftliche Fakultät, … - 2010
This study develops an R&D-based growth model with vertical and horizontal innovation to shed some light on the current … debate on whether patent protection stimulates or stifles innovation. We analyze the effects of patent protection in the form … of blocking patents. We show that patent protection changes the direction of innovation by having asymmetric effects on …