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patent disputes, with a focus on Shapiro(2003)'s consumer protection rule. We show that, when a potential entrant … strategically incurs an entry cost before engaging in a patent dispute, a more stringent settlement policy of deterring costly entry … benefits the patent-holder and may raise static efficiency. Concerning asymmetric information, when the disputants, but not the …
Persistent link: https://www.econbiz.de/10014210734
We investigate patent litigation, settlements and R&D incentives on a market where two firms develop technologies of … differentiated products. Firms may sell IP rights to a Patent Assertion Entity (PAE) that acts as intermediary for patent … monetization. We find that the effects of this so-called patent privateering are mitigated if the market is characterized by a …
Persistent link: https://www.econbiz.de/10014344051
The productivity paradox has sparked a great deal of research during the past three decades. Unfortunately, neither the results of empirical research nor the theoretical explanations for the paradox provide a convincing answer to whether investments in information and communication technology...
Persistent link: https://www.econbiz.de/10012131285
We consider the insurance aspects of research policy. Patents or rewards have an advantage over research subsidies when a new invention replaces an existing good at lower cost. Research subsidies have an advantage when inventions spawn an entirely new product
Persistent link: https://www.econbiz.de/10014066649
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We analyze recent contributions to growth theory based on the model of expanding variety of Romer [Romer, P. (1990 … such applications, a key role is played by complementarities in the process of innovation. …
Persistent link: https://www.econbiz.de/10014023784
We provide a general theoretical characterization of how firms' technology choice on a technology frontier determines the long-run elasticity of substitution between capital and labor. We show that the shape of the frontier determines factor shares and the elasticity of substitution between...
Persistent link: https://www.econbiz.de/10011590445
develop a class of production functions that are consistent with balanced growth even in the presence of permanent investment …
Persistent link: https://www.econbiz.de/10010502722