search query: @author Saint-Paul, G. / total: 10
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| Author: | Saint-Paul, G. |
| Title: | Growth effects of nonproprietary innovation |
| Journal: | Journal of the European Economic Association
2003 : APR-MAY, VOL. 1:2-3, p. 429-439 |
| Index terms: | Corporate philanthropy Growth Innovation R&D |
| Language: | eng |
| Abstract: | An endogenous growth model where a profit-motivated R&D sector coexists with the introduction of free blueprints invented by philanthropists are studied. These goods are priced at marginal cost, contrary to proprietary ones which are produced by a monopoly owned by the inventor. It is shown that philanthropy does not necessarily increase long-run and that it may even reduce welfare. |
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