On optimality of secrecy and scarcity of idea

@inproceedings{Koo2009OnOO,
  title={On optimality of secrecy and scarcity of idea},
  author={Bon Kwon Koo},
  year={2009}
}
Secrecy is considered inferior to patenting from the social welfare point of view due to limited dissemination of associated information. In a simple two-stage model where the success of the second innovation depends on information about the first innovation and complementary individual inspiration, this study shows that, if the number of firms pursuing the… CONTINUE READING