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...

The multiple features of intellectual property rights and industrial competition are explored through the analytically rigorous lens of the frontier of the economics literature. The book covers a broad range of issues ranging from industrial espionage to collective property rights in cultural...