Imitations, economic activity and welfare
Documentos de Trabajo from Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza
The literature on innovation has traditionally seen imitation processes as harmful to the development of new technologies, adverse for growth and detrimental to the welfare of consumers, producers and society at large. However, as we show in our paper, despite this widespread belief, imitation processes have a significant and positive impact on economic activity. Among other effects, they allow excluded consumers access to new products, stimulate competition in the innovation process, encourage innovative activity and constitute a first step in developing more complex innovations. Therefore, as we will show through the development of two models -and despite the assertions of many politicians, interest groups and economists-, a lower strength patent system and an increase in the activities of imitation could i) increase the benefits to industry as a whole ii) lead to greater social surplus.
Keywords: imitation; innovation; patents; social surplus (search for similar items in EconPapers)
JEL-codes: O31 O34 L43 (search for similar items in EconPapers)
References: View references in EconPapers View complete reference list from CitEc
Citations Track citations by RSS feed
Downloads: (external link)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: https://EconPapers.repec.org/RePEc:zar:wpaper:dt2011-03
Access Statistics for this paper
More papers in Documentos de Trabajo from Facultad de Ciencias Económicas y Empresariales, Universidad de Zaragoza Contact information at EDIRC.
Bibliographic data for series maintained by Vicente Pinilla ().