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Patents and Research Investments: Assessing the Empirical Evidence / Eric Budish, Benjamin N. Roin, Heidi L. Williams.
- Format:
- Book
- Author/Creator:
- Budish, Eric.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w21889.
- NBER working paper series no. w21889
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Other Title:
- Patents and Research Investments
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2016.
- Summary:
- A well-developed theoretical literature -- dating back at least to Nordhaus (1969) -- has analyzed optimal patent policy design. We re-present the core trade-off of the Nordhaus model and highlight an empirical question which emerges from the Nordhaus framework as a key input into optimal patent policy design: namely, what is the elasticity of R&D investment with respect to the patent term? We then review the -- surprisingly small -- body of empirical evidence that has been developed on this question over the nearly half century since the publication of Nordhaus's book.
- Notes:
- Print version record
- January 2016.
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