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An Optimizing Model of R&D, Spillovers, and Intellectual Property Rights

Journal: Efil Ekonomi Araştırmaları Dergisi (Vol.1, No. 1)

Publication Date:

Authors : ;

Page : 44-57

Keywords : R&D; intellectual property rights; spillovers;

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Abstract

This paper develops a microeconomic model of private R&D and studies the effects of intellectual property rights (IPR) on equilibrium R&D. IPR has two opposing effects: on the one hand it enables a firm to better appropriate the returns to R&D; on the other hand, it has the potential to impede the flow of R&D knowledge spillovers among firms. Spillovers may be impeded if it is necessary for users to practice R&D in order to benefit from R&D externalities.

Last modified: 2019-01-05 15:52:03