2015 - Franco Angeli
Article
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Intra-Sector and Inter-Sector Competition in a Model of Growth
74-89 p.
- The role of patents is threefold: first, they are important to state the property rights of an invention; second, they are necessary to secure financing for starting a new venture; third, they are fundamental to recoup R&D investments. Noting the imperfections of the patent legal system, the market has two potential levels of competition under different structures: the inter-sector monopolistic competition and the intra-sector Cournot oligopoly. Considering the sectorial market share as the indicator of patent system enforcement, the author finds that growth takes place, if and only if, there are some property rights of private knowledge produced by R&D activities. In turn, the enforcement of patent system translates into a low degree of competition among firms. Its influence on the growth rate goes in a single unambiguous direction. As competition rises, few resources are available for R&D, so the growth rate goes down.
Is part of
Studi economici : 116, 2, 2015-
Information
ISSN: 1972-4918
KEYWORDS
- Product Differentiation
- Endogenous Growth
- R&D.
- Market Structure
- Oligopoly
- Monopolistic Competition
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In this issue
- Imprese cooperative e democrazia economica
- Analisi di resilienza delle reti complesse ed efficacia delle politiche pubbliche di contrasto alla criminalità organizzata
- Intra-Sector and Inter-Sector Competition in a Model of Growth
- Cooperazione e spesa in R&S : evidenze empiriche dalla Community Innovation Survey
- Einaudi e l'ambiente socio-economico di Napoli
- Recensioni
