Abstract

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 ven- ture; 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.

Autore Pugliese

• Di Cintio Marco

Tutti gli autori

• Di Cintio M.

Titolo volume/Rivista

STUDI ECONOMICI

Anno di pubblicazione

2015

ISSN

0039-2928

ISBN

Non Disponibile

Numero di citazioni Wos

Nessuna citazione

Ultimo Aggiornamento Citazioni

Non Disponibile

Numero di citazioni Scopus

Non Disponibile

Ultimo Aggiornamento Citazioni

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Settori ERC

Non Disponibile

Codici ASJC

Non Disponibile