consider the existence of any possible positive linkage among market power, innovation and growth is not unambiguously present …). What results from the analysis is that in the more familiar models of innovation and economic development, the relationship …

benefits of IPRs for competition (mainly in the context of sequential innovation) and economic efficiency. We show that if … competition policy and IPRs are complementary means of promoting innovation, technical progress and economic growth to the benefit … consider the question of incentives for innovation is a key aspect of evaluating the competitive effects of IPRs licences. …