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| Author: | Hunt, R.M. |
| Title: | Patentability, industry structure, and innovation |
| Journal: | Journal of Industrial Economics
2004 : SEP, VOL. 52:3, p. 401-425 |
| Index terms: | Industrial economics Innovation Patents |
| Language: | eng |
| Abstract: | This article presents a model of sequential innovation in which industry structure is endogenous and a standard of patentability determines the proportion of all inventions that qualify for protection. The writer finds that there is a unique patentability standard that maximizes the rate of innovation. |
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