PUBLIC BASIC RESEARCH AND DIFFUSION OF RESEARCH BENEFITS

The paper examine the economic impact of pricing and access to basic research IP. The analysis uses a Sallop circle model of a monopolistically competitive industry to examine the applied research output and firm entry. Under plausible conditions basic research IP spillovers will create rents for the applied research sector, which are dissipated through socially excess firm entry. Charging a price or restricting access to basic research IP could enhance social welfare.


Issue Date:
2007
Publication Type:
Conference Paper/ Presentation
PURL Identifier:
http://purl.umn.edu/9877
Total Pages:
23
Series Statement:
Selected Paper 174418




 Record created 2017-04-01, last modified 2017-08-23

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