¿Innovar o imitar? Una modelización del proceso de producción de tecnología

Gregorio Gimenez

EKONOMIAZ. Revista vasca de Economía, 2009, vol. 71, issue 02, 220-233

Abstract: This paper develops a microeconomic model of technology production. Through it we analyse the factors that determine whether a producer will decide to invest resources in the development of his own innovations, instead of choosing to imitate the innovations created by other entrepreneurs, and sell them once the law allows. The decision he takes will depend on the earnings differential that the two alternatives generate. This differential will, in turn, depend on the earnings generated annually by the invented product, the length of the legal monopoly that permits the discoverer to exploit the innovation exclusively, the obsolescence rate of the technology, the interest rate, the R&D costs and the imitation costs. On the basis of this, we carry out a comparative static analysis to determine the importance of each factor and to help design an efficient technological innovation policy.

Keywords: technology production; innovation; imitation; technological innovation policy (search for similar items in EconPapers)
JEL-codes: O31 O34 (search for similar items in EconPapers)
Date: 2009
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.ogasun.ejgv.euskadi.net/r51-k86aekon/es ... publ=66&registro=991 complete text (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ekz:ekonoz:2009213

Ordering information: This journal article can be ordered from
Dpto. de Hacienda y Finanzas, Gobierno Vasco, C/Donostia-San Sebastián, 1, 01010 Vitoria-Gasteiz, Spain
economia@euskadi.eus

Access Statistics for this article

More articles in EKONOMIAZ. Revista vasca de Economía from Gobierno Vasco / Eusko Jaurlaritza / Basque Government Contact information at EDIRC.
Bibliographic data for series maintained by Iñaki Treviño (i-trevino@euskadi.eus).