Uncertain Patent Scope and R&D Investment
Economia Internazionale / International Economics, vol. 55, no. 1, pp. 17-24
Posted: 6 Apr 2016
Date Written: 2002
This paper introduces uncertainty of patent scope in examining R&D investment decisions in pursuit of an uncertain innovation. We find that an increase in the probability of scope protection increases research spending. This finding is opposite of the well-known effect that increased rivalry has on R&D spending.
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