The Optimum Life of a Patent When the Timing of Innovations is Stochastic

Denicolò, Vincenzo (1995) The Optimum Life of a Patent When the Timing of Innovations is Stochastic. Bologna: Dipartimento di Scienze economiche DSE, p. 43. DOI 10.6092/unibo/amsacta/5101. In: Quaderni - Working Paper DSE (225). ISSN 2282-6483.
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Abstract

This paper studies the optimal lifetime of a patent in a model where the timing of innovatons: is uncertain. We assume a Poisson discovery process with a linear hazard function and contractural R&D costs. The invention industry is modelled in three alternative ways: i) monopoly; ii) oligopoly with free entry; iii) perfect competition. Several comparative staties results are derived.

Abstract
Tipologia del documento
Monografia (Working paper)
Autori
AutoreAffiliazioneORCID
Denicolò, Vincenzo
Settori scientifico-disciplinari
ISSN
2282-6483
DOI
Data di deposito
05 Mag 2016 10:12
Ultima modifica
05 Mag 2016 10:12
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