Optimal Diffusion of Innovated Durable Goods Subject to Technical Progress: the Rôle of Property Rights Régimes

M. L. Burstein

Chapter 14 in Studies in Banking Theory, Financial History and Vertical Control, 1988, pp 232-246 from Palgrave Macmillan

Abstract: Abstract Barzel (1984) insightfully remarks that knowledge is a public good. So surely a competitive organization of an industry spinning off knowledge is a norm for collective ineptitude. It becomes necessary to devise techniques, e.g., clubs and other cooperative devices, enhancing the ability of generators of such externalities to capture resulting benefit (see Bittlingmayer, 1982, 1985 and Telser, 1978, 1982, 1984). And the relevance of the theory of patent-grants is obvious.

Keywords: Vertical Integration; Technical Progress; Price Discrimination; Competitive Industry; Pure Competition (search for similar items in EconPapers)
Date: 1988
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DOI: 10.1007/978-1-349-09978-8_14

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