Gastón Llanes

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We present a dynamic model where the accumulation of patents generates an increasing number of claims on sequential innovation. We compare innovation activity under three regimes –patents, no-patents, and patent pools– and find that none of them can reach the first best. We find that the first best can be reached through a decentralized tax-subsidy(More)
Working papers are in draft form. This working paper is distributed for purposes of comment and discussion only. It may not be reproduced without permission of the copyright holder. Copies of working papers are available from the author. Abstract. We study incentives to invest in platform quality in proprietary and open-source platforms. A comparison of(More)
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