We analyze patent protection with sequential and complementary innovation. We argue that in these cases the classic Nordhaus trade-off between innovation and static monopoly distortions is different from the case of isolated innovations. We parametrize the degree of innovation sequentiality and complementarity and show that the optimal level of patent protection increases with both. We also address the issue of the optimal division of profit among different innovators.
Vincenzo Denicolò (2022). Patent Protection for Compex Technologies. INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION, 81, 1-20 [10.1016/j.ijindorg.2021.102811].
Patent Protection for Compex Technologies
Vincenzo Denicolò
Primo
2022
Abstract
We analyze patent protection with sequential and complementary innovation. We argue that in these cases the classic Nordhaus trade-off between innovation and static monopoly distortions is different from the case of isolated innovations. We parametrize the degree of innovation sequentiality and complementarity and show that the optimal level of patent protection increases with both. We also address the issue of the optimal division of profit among different innovators.| File | Dimensione | Formato | |
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Complex_Technologies_Protection_Final.pdf
Open Access dal 02/01/2024
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