Patentability, industry structure, and innovation [microform] / Robert M. Hunt.
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| Other title: | ASI series title on the microfiche header: Philadelphia research working papers. |
| Format: | Microfilm Book |
| Language: | English |
| Published: |
Philadelphia, Pa. :
Economic Research Division, Federal Reserve Bank of Philadelphia,
[2001]
|
| Series: | Working paper (Federal Reserve Bank of Philadelphia) ;
no. 01-13. ASI microfiche library. Non-depository collection ; ASI 2001 9387-8.498. |
| Subjects: |
MARC
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| 100 | 1 | |a Hunt, Robert M. |q (Robert Martin) |0 http://id.loc.gov/authorities/names/no2011023225. | |
| 245 | 1 | 0 | |a Patentability, industry structure, and innovation |h [microform] / |c Robert M. Hunt. |
| 246 | 1 | |i ASI series title on the microfiche header: |a Philadelphia research working papers. | |
| 260 | |a Philadelphia, Pa. : |b Economic Research Division, Federal Reserve Bank of Philadelphia, |c [2001] | ||
| 300 | |a 36 pages, 3 unnumbered pages ; |c 28 cm. | ||
| 336 | |a text |b txt |2 rdacontent. | ||
| 337 | |a microform |b h |2 rdamedia. | ||
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| 490 | 1 | |a Working paper ; |v no. 01-13. | |
| 500 | |a "August 2001." | ||
| 504 | |a Includes bibliographical references (pages 27-28) | ||
| 520 | 3 | |a To qualify for a patent, an invention must be new, useful, and nonobvious. This paper presents a model of sequential innovation in which industry structure is endogenous and a standard of patentability determines the proportion of all inventions that qualify for protection. There is a unique patentability standard, or inventive step, that maximizes the rate of innovation by maximizing the number of firms engaged in R&D. Surprisingly, this standard is more stringent for industries disposed to innovate rapidly. If a single standard is applied to heterogenous industries, it will encourage entry, and therefore innovation, in some industries while discouraging it in others. The model suggest a number of important implications for patent policy.--FRB Philadelphia web site. | |
| 530 | |a Also available via the Internet at the FRB Philadelphia web site. | ||
| 533 | |a Microfiche. |b Bethesda, Md. : |c Congressional Information Service, Inc., |d 2001. |e 1 microfiche : negative. |f (ASI ; 2001 9387-8.498) | ||
| 510 | 3 | |a Lexis/Nexis statistical; American statistical index. Abstracts. | |
| 650 | 0 | |a Patents |x Economic aspects |x Econometric models |v Statistics. | |
| 650 | 0 | |a Technological innovations |x Econometric models |v Statistics. | |
| 710 | 2 | |a Federal Reserve Bank of Philadelphia. |0 http://id.loc.gov/authorities/names/n50001158 |1 http://isni.org/isni/0000000107403062. | |
| 830 | 0 | |a Working paper (Federal Reserve Bank of Philadelphia) ; |v no. 01-13. | |
| 830 | 0 | |a ASI microfiche library. |p Non-depository collection ; |v ASI 2001 9387-8.498. | |
| 856 | 4 | 1 | |u http://www.phil.frb.org/files/wps/2001/wp01-13.pdf |z Connect to online resource |
| 856 | 4 | 1 | |a View revised edition |u http://www.phil.frb.org/files/wps/2001/wp01-13r.pdf |z Connect to online resource |
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