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The Economics of Product Patents

Waterson, Michael - ;

This paper develops a model of product patents in which the patent changes the nature of market entry behavior rather than preventing entry entirely. The model incorporates three levels of action, namely, the innovator's patenting decision, the potential entrant's location decision, and possible court action. The analysis demonstrates how the characteristics of the patents system and the enforcement framework can influence rivals' variety choices and thus the market equilibrium. It also considers how the system can in principle be adjusted to improve social welfare.


Ketersediaan

Call NumberLocationAvailable
PSB lt.2 - Karya Akhir1
TAER 8004PSB lt.dasar - Pascasarjana1
PenerbitNashville: American Economic Association 1990
EdisiVol. 80, No. 4, Sep., 1990
SubjekEconomics
Patents
Market entry behavior
Patents system
Enforcement framework
ISBN/ISSN0002-8282
KlasifikasiNONE
Deskripsi Fisik10 p.
Info Detail SpesifikThe American Economic Review
Other Version/RelatedTidak tersedia versi lain
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  • The Economics of Product Patents

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