State-Dependent Intellectual Property Rights Policy ∗

  title={State-Dependent Intellectual Property Rights Policy ∗},
  author={Daron Acemoglu},
What form of intellectual property rights (IPR) policy contributes to economic growth? Should a company with a large technology lead receive the same IPR protection as a company with a more limited advantage? Should followers be able to license the products of technology leaders? We develop a general equilibrium framework to investigate these questions. The economy consists of many industries and firms engaged in cumulative (step-by-step) innovation. IPR policy regulates whether followers in an… CONTINUE READING
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