Budish, Eric
[Verfasser:in]
;
Roin, Benjamin N.
[Sonstige Person, Familie und Körperschaft];
Williams, Heidi L.
[Sonstige Person, Familie und Körperschaft]National Bureau of Economic Research
Erschienen:
Cambridge, Mass: National Bureau of Economic Research, January 2016
Erschienen in:NBER working paper series ; no. w21889
Umfang:
1 Online-Ressource
Sprache:
Englisch
DOI:
10.3386/w21889
Identifikator:
Reproduktionsnotiz:
Hardcopy version available to institutional subscribers
Entstehung:
Anmerkungen:
Mode of access: World Wide Web
System requirements: Adobe [Acrobat] Reader required for PDF files
Beschreibung:
A well-developed theoretical literature -- dating back at least to Nordhaus (1969) -- has analyzed optimal patent policy design. We re-present the core trade-off of the Nordhaus model and highlight an empirical question which emerges from the Nordhaus framework as a key input into optimal patent policy design: namely, what is the elasticity of R&D investment with respect to the patent term? We then review the -- surprisingly small -- body of empirical evidence that has been developed on this question over the nearly half century since the publication of Nordhaus's book