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Patent Buyout in a Model of Endogenous Growth
| Content Provider | Scilit |
|---|---|
| Author | Radhakrishnan, Ravi |
| Copyright Year | 2016 |
| Description | Journal: SSRN Electronic Journal This paper considers the prospect of a government patent buyout in a model of endogenous growth. To this end, I modify a standard quality ladder growth model by incorporating possibility of imitation, and rent protection activities (RPAs) by the innovator. The government finances the buyout by imposing a per unit sales-tax on the goods. I show that in this set-up, patent buyout by the government can lead to higher level of welfare without lowering an economy's growth rate along the balanced path. I highlight two sources of welfare improvement - elimination of monopoly pricing, and reduction in RPAs. |
| Related Links | https://www.econstor.eu/bitstream/10419/148423/1/875118364.pdf https://papers.ssrn.com/sol3/Delivery.cfm?abstractid=2815628 |
| ISSN | 10914358 |
| e-ISSN | 15565068 |
| DOI | 10.2139/ssrn.2815628 |
| Journal | SSRN Electronic Journal |
| Language | English |
| Publisher | Elsevier BV |
| Publisher Date | 2016-07-28 |
| Access Restriction | Open |
| Subject Keyword | Journal: SSRN Electronic Journal History and Philosophy of Science Religion and Religious Studies |
| Content Type | Text |
| Resource Type | Article |
| Subject | Public Health, Environmental and Occupational Health Psychiatry and Mental Health |