Patents and Research Investments: Assessing the Empirical Evidence

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...

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Bibliographic Details
Main Authors: Budish, Eric, Roin, Benjamin N., Williams, Heidi L
Other Authors: Massachusetts Institute of Technology. Department of Economics
Format: Article
Language:en_US
Published: American Economic Association 2017
Online Access:http://hdl.handle.net/1721.1/110214
https://orcid.org/0000-0001-8246-4877
https://orcid.org/0000-0003-4364-1505