The effect of IP protection on radical and incremental innovations

Panagopoulos, Andreas (2011) The effect of IP protection on radical and incremental innovations. Journal of the Knowledge Economy, 2 (3). pp. 393-404. ISSN 1868-7873

Abstract

This paper examines the effects of risk in shaping and developing innovations at the country level by introducing the idea that strong patent protection can lead innovators to rest on their laurels. Specifically, in the context of a simple static framework, the model shows that there is a negative relationship between the ability of the economy to innovate and how strong patent protection should be.