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The Effect of IP Protection on Radical and Incremental Innovation

  • Andreas Panagopoulos
Article

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.

Keywords

Intellectual property Sequential innovation Patent races 

JEL Classification

K0 O11 034 

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Copyright information

© Springer Science + Business Media, LLC 2011

Authors and Affiliations

  1. 1.Department of EconomicsUniversity of CreteCreteGreece

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