search query: @author Pennings, E. / total: 8
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| Author: | Mukherjee, A. Pennings, E. |
| Title: | Imitation, patent protection, and welfare |
| Journal: | Oxford Economic Papers
2004 : OCT, VOL. 56:4, p. 715-733 |
| Index terms: | Innovation Patent law Patents |
| Freeterms: | Imitation welfare |
| Language: | eng |
| Abstract: | Newly developed technologies run the risk of being imitated when patents are long and imitation cost is low. It is shown in this article that the innovator has the incentive to postpone technology adoption when imitation is a credible threat but imitation cost is not below a certain threshold. The possibility of licensing eliminates or at least reduces the incentive for delayed technology adoption. |
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