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Economics of Innovation Patent Races: Dasgupta- Stiglitz Model Manuel Trajtenberg 2005

2. Patent Races . Dasgupta, P. and J. Stiglitz, "Uncertainty, Industrial Structure, and the Speed of R

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Economics of Innovation Patent Races: Dasgupta- Stiglitz Model Manuel Trajtenberg 2005

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    1. 1 Economics of Innovation Patent Races: Dasgupta- Stiglitz Model Manuel Trajtenberg 2005

    2. 2 Patent Races

    3. 3 Dasgupta Stiglitz (DS) 1

    4. 4 R&D and time to discovery

    5. 5 DS 2

    6. 6 Optimal R&D: s versus m

    7. 7 DS 3

    8. 8 Optimal R&D for each case

    9. 9 DS 4

    10. 10 DS 5

    11. 11 Introducing uncertainty: a reminder

    12. 12 The Poisson Process

    13. 13 The Poisson Process cont.

    14. 14 DS w/uncertainty 1

    15. 15 DS w/uncertainty 2

    16. 16 The R&D lab technology

    17. 17 DS w/uncertainty 3

    18. 18 DS w/uncertainty 4

    19. 19 DS w/uncertainty 5

    20. 20 Maximizing social surplus

    21. 21 Maximizing social surplus 2

    22. 22 Maximizing social surplus 3

    23. 23 Optimal amount of R&D in each lab

    24. 24 Comparing social optimum to monopoly

    25. 25 Optimal n : s versus m

    26. 26 The competitive case: free entry

    27. 27 competitive case cont. 1

    28. 28 competitive case cont. 2

    29. 29 competitive case cont. 3

    30. 30 Compare social optimum to free entry equilibrium

    31. 31 Social optimum vs. free entry

    32. 32 Social optimum vs. free entry 2

    33. 33 Social optimum vs. free entry 3

    34. 34 Qualifications

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