Gastón Llanes

Learn More
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)
We present a model of sequential innovation in which an innovator uses several research inputs to invent a new good. These inputs, in turn, must be invented before they can be used by the final innovator. As a consequence, the degree of patent protection affects the revenues and cost of the innovator, but also determines the incentives to invent the(More)
We study incentives to invest in platform quality in proprietary and open-source platforms. A comparison of monopoly platforms reveals that for a given level of user and developer adoption, investment incentives are stronger in proprietary platforms. However, open platforms may receive larger investment because they may benefit from wider adoption, which(More)
  • 1