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Optimal Patent Length and Breadth

Richard Gilbert and Carl Shapiro

RAND Journal of Economics, 1990, vol. 21, issue 1, 106-112

Abstract: In providing rewards to innovators, there is a tradeoff between patent length and breadth. This article provides conditions under which the optimal patent policy involves infinitely-lived patents, with patent breadth adjusting to provide the required reward for innovation.

Date: 1990
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Related works:
Working Paper: Optimal Patent Length and Breadth (1989)
Working Paper: OPTIMAL PATENT LENGTH AND BREADTH (1988)
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