Economics at your fingertips  

Patent Policy in an Endogenous Growth Model

Tatsuro Iwaisako () and Koichi Futagami ()

Journal of Economics, 2003, vol. 78, issue 3, 239-258

Abstract: We investigate how the patent policy affects economic growth and social welfare based on an endogenous growth model with R&D activities. We show that the patent length that maximizes the social welfare is finite. Moreover, by introducing compulsory licensing, we also show that the patent length that maximizes the social welfare is not infinite even if the royalty rate can be controlled.

Keywords: Keywords: patent policy; endogenous growth.; JEL Classification: L50; O41. (search for similar items in EconPapers)
Date: 2003
References: Add references at CitEc
Citations: View citations in EconPapers (35) Track citations by RSS feed

Downloads: (external link) Abstract (text/html)

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:

DOI: 10.1007/s00712-002-0541-1

Access Statistics for this article

Journal of Economics is currently edited by Giacomo Corneo

More articles in Journal of Economics from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().

Page updated 2021-10-07
Handle: RePEc:kap:jeczfn:v:78:y:2003:i:3:d:10.1007_s00712-002-0541-1