Patents and R & D: The tournament effect

Prabal Roy Chowdhury ()

Indian Statistical Institute, Planning Unit, New Delhi Discussion Papers from Indian Statistical Institute, New Delhi, India

Abstract: We identify a new route through which patent protection may affect R&D incentives, the tournament effect. It may decrease R\&D incentives, in which case patent protection may either adversely affect the level of R&D, or may discourage licensing. In either case welfare may fall.

Keywords: Patents; R&D incentive; Tournament effect; Licensing (search for similar items in EconPapers)
JEL-codes: O31 O34 O38 (search for similar items in EconPapers)
New Economics Papers: this item is included in nep-ino and nep-mic
Date: 2005-04
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Journal Article: Patents and R&D: The tournament effect (2005)
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