Market structure, incentive to patent and the pace of innovation

Research output: Contribution to journalArticle

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


All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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