Business, Management and Accounting
6 years ago

Stricter patent policy stifles innovation and harms social welfare, study finds.

International Journal of Industrial Organization
Patent policy, investment and social welfare
James Bergin

Paper Summary

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The article discusses how stricter patent policies can impact firms differently based on their technologies, affecting profitability and innovation. It explores how weaker technology firms are affected more by these policies compared to stronger ones, influencing their investment in innovation. The study also considers the overall welfare implications of such policies. The research allows for a detailed description of various technologies.