Intellectual Property
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BibTeX
@MISC{Boldrin_intellectualproperty,
author = {Michele Boldrin and David and K. Levine and Jel Classification},
title = {Intellectual Property},
year = {}
}
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Abstract
Abstract. Based partially on the belief that innovation is not possible under perfect competition, many thousands papers have been written about the nature of innovation under monopoly or oligopoly. In fact, competitive rents can and do sustain innovation in the complete absence of monopoly power. However, little is knownaboutthesourceandsignificance of these rents, or about the way in which innovative activity takes place under conditions of competition. We begin to remedy this imbalance by examining the way in which competitive innovators earn rents both in theory and in practice.
