Publication: Endogenous protection of R and D investments
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2006-11
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Abstract
We examine firms' incentives to protect their non-cooperative R and D investments from spilling over to competitors. Contrary to most of the existing literature, we show that the lack of full appropriability can lead to an increase in R and D investments. We also show that even if protection is costless, firms sometimes choose to let their R and D investments unprotected. Our welfare analysis indicates that public policies that promote the dissemination of technological knowledge should be adopted.