Incentives in R&D markets: Analysing the relation between the elasticities of patent values and the optimality of patent policy

Leandro Meller

No 4669, Asociación Argentina de Economía Política: Working Papers from Asociación Argentina de Economía Política

Abstract: The objective of this article is to analyse the relation between the conditions for the optimality of patent policy and the elasticities of the social and private values of innovation. It is also an objective to study the influence of the coexistence of independent innovations and the cumulative nature of innovation in such conditions. Three models have been proposed: the first one textcite{takalo2001} represents a scenario with an isolated innovation, the second one features two independent innovations, and the third model features two linked innovations, one of which is a ``research tool'' for the development and the introduction of the other one. Sufficient conditions for the optimality of patents with maximum breadth or infinite length were presented.

JEL-codes: K3 O34 (search for similar items in EconPapers)
Pages: 27 pages
Date: 2023-11
New Economics Papers: this item is included in nep-ipr and nep-sbm
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