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PUBLIC BASIC RESEARCH AND DIFFUSION OF RESEARCH BENEFITS

Stavroula Malla and Richard Gray

No 9877, 2007 Annual Meeting, July 29-August 1, 2007, Portland, Oregon from American Agricultural Economics Association (New Name 2008: Agricultural and Applied Economics Association)

Abstract: The paper examine the economic impact of pricing and access to basic research IP. The analysis uses a Sallop circle model of a monopolistically competitive industry to examine the applied research output and firm entry. Under plausible conditions basic research IP spillovers will create rents for the applied research sector, which are dissipated through socially excess firm entry. Charging a price or restricting access to basic research IP could enhance social welfare.

Keywords: Research; and; Development/Tech; Change/Emerging; Technologies (search for similar items in EconPapers)
Pages: 23
Date: 2007
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Persistent link: https://EconPapers.repec.org/RePEc:ags:aaea07:9877

DOI: 10.22004/ag.econ.9877

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