Competition and innovation

Boldrin, Michele, Correa, Juan A., Levine, David, Ornaghi, Carmine and Miron, Jeffrey (2011) Competition and innovation. In, Cato Papers on Public Policy. Washington, US, Cato Institute.


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Which kind of intellectual property regime is more favorable to innovation: one that enforces patents or one that does not? Economic theory is unable to answer this question, as valid arguments can be made both for and against patents; hence we must turn to empirical evidence. In this paper, we review empirical evidence gathered by other researchers and add new evidence of our own. We conclude that the evidence
suggests that patents do not promote innovation, but instead retard it.

Item Type: Book Section
ISBNs: 1935308483 (paperback)
9781935308485 (paperback)
Subjects: H Social Sciences > HB Economic Theory
T Technology > T Technology (General) > T201 Patents. Trademarks
Divisions : Faculty of Social and Human Sciences > Social Sciences > Economics
ePrint ID: 203277
Accepted Date and Publication Date:
16 December 2011In press
Date Deposited: 16 Nov 2011 10:19
Last Modified: 31 Mar 2016 13:46

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