Market structure, incentive to patent and the pace of innovation

Jay Pil Choi

doi:10.1016/0165-1765(90)90131-J

Market structure, incentive to patent and the pace of innovation

Jay Pil Choi

Department of Economics

Research output: Contribution to journal › Article › peer-review

5 Citations (Scopus)

Abstract

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 language	English
Pages (from-to)	277-283
Number of pages	7
Journal	Economics Letters
Volume	34
Issue number	3
DOIs	https://doi.org/10.1016/0165-1765(90)90131-J
Publication status	Published - 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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10.1016/0165-1765(90)90131-J

Cite this

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abstract = "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.",

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N2 - 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.

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Market structure, incentive to patent and the pace of innovation

Abstract

Bibliographical note

All Science Journal Classification (ASJC) codes

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