Detail A Patentability Requirement for Sequential Innovation   Oleh:  O'Donoghue, Ted Jenis: Article from Bulletin/Magazine Dalam koleksi: The Rand Journal of Economics vol. 29 no. 4 (1998), page 654-679. Topik: innovation; patentability requirement; sequential innovation Ketersediaan Perpustakaan Pusat (Semanggi) Nomor Panggil: RR10.2 Non-tandon: 1 (dapat dipinjam: 0) Tandon: tidak ada     Lihat Detail Induk Isi artikel This article investigates patent protection for a long sequence of innovations where firms repeatedly supersede each other. Incentives for R & D can be insufficient if successful firms earn market profit only until competitors achieve something better. To correct this problem, patents must provide protection against future innovators. This article proposes using a patentability requirement - a minimum innovation size required for patents. A patentability requirement can stimulate R & D investment and increase dynamic efficiency. Intuitively, requiring firms to pursue larger innovations prolongs market incumbency because larger innovations are harder to achieve, and longer market incumbency implies an increased reward to innovation. Opini Anda Klik untuk menuliskan opini Anda tentang koleksi ini! Kembali

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