1 / 33

Economics of Innovation Patent Races: Dasgupta- Stiglitz Model Manuel Trajtenberg 2005

2. Patent Races . Dasgupta, P. and J. Stiglitz, "Uncertainty, Industrial Structure, and the Speed of R

fidelia
Download Presentation

Economics of Innovation Patent Races: Dasgupta- Stiglitz Model Manuel Trajtenberg 2005

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. 1 Economics of Innovation Patent Races: Dasgupta- Stiglitz Model Manuel Trajtenberg 2005

    2. 2 Patent Races

    3. 3 Dasgupta – Stiglitz (DS) 1

    4. 4 R&D and time to discovery

    5. 5 DS 2

    6. 6 Optimal R&D: “s” versus “m”

    7. 7 DS 3

    8. 8 Optimal R&D for each case

    9. 9 DS 4

    10. 10 DS 5

    11. 11 Introducing uncertainty: a reminder

    12. 12 The Poisson Process

    13. 13 The Poisson Process – cont.

    14. 14 DS w/uncertainty 1

    15. 15 DS w/uncertainty 2

    16. 16 The “R&D lab technology”

    17. 17 DS w/uncertainty 3

    18. 18 DS w/uncertainty 4

    19. 19 DS w/uncertainty 5

    20. 20 Maximizing social surplus

    21. 21 Maximizing social surplus 2

    22. 22 Maximizing social surplus 3

    23. 23 Optimal amount of R&D in each lab

    24. 24 Comparing social optimum to monopoly

    25. 25 Optimal n : s versus m

    26. 26 The competitive case: free entry

    27. 27 competitive case – cont. 1

    28. 28 competitive case – cont. 2

    29. 29 competitive case – cont. 3

    30. 30 Compare social optimum to free entry equilibrium

    31. 31 Social optimum vs. free entry

    32. 32 Social optimum vs. free entry 2

    33. 33 Social optimum vs. free entry 3

    34. 34 Qualifications

More Related