Market structure, incentive to patent and the pace of innovation

Research output: Contribution to journalArticlepeer-review

5 Citations (Scopus)


In a model of sequential innovations, it is shown that the simple monotone relationship between the number of firms and the speed of innovation [see, e.g., Loury (1979)] no longer holds if we explicitly take account of the incentive to patent.

Original languageEnglish
Pages (from-to)277-283
Number of pages7
JournalEconomics Letters
Issue number3
Publication statusPublished - 1990 Nov

Bibliographical note

Funding Information:
like to thank Jerry Green, Jung-Ho Kim, Eric Maskin, and Suzanne Scotchmer for their advice and encouragement. support from the Korea Foundation for Advanced Studies is gratefully acknowledged. Any remaining errors are

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics


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