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• W1562015364 abstract "A radical evolution of intellectual property law and practices has followed the rise in importance of new technology industries. Many patents today in the United States and in Europe directly protect new knowledge. We endeavour to account for this evolution in a simple growth model. To deal with the non-convexitys property of technologies in which knowledge is an input, we construct two equilibria. The first one is a benchmark: private goods markets are perfectly competitive and knowledge is publicly funded to avoid negative profits. In the second one, we consider a dynamic general equilibrium with Cournot competition and free entry to fund research privately." @default.
• W1562015364 created "2016-06-24" @default.
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• W1562015364 date "2005-01-01" @default.
• W1562015364 modified "2023-09-27" @default.
• W1562015364 title "Funding Research by Pricing Knowledge in the New Technology Sector" @default.
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