Patents, Trade Secrets and the Correlation Among R&D Projects

Harun Bulut () and GianCarlo Moschini

Staff General Research Papers Archive from Iowa State University, Department of Economics

Abstract: In patent race models, firms' noncooperatively chosen research projects typically display too much correlation. But when there are multiple intellectual property rights protection instruments, we find that the paths chosen in an R&D race can move towards the social optimum.

Date: 2006-04-01
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Published in Economics Letters, April 2006, vol. 91 no. 1, pp. 131-137

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Journal Article: Patents, trade secrets and the correlation among R&D projects (2006)
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