IDEAS home Printed from https://ideas.repec.org/a/bla/ausecp/v37y1998i4p447-449.html
   My bibliography  Save this article

Uncertainty, Patent Length and Firm R&D: a Comment

Author

Listed:
  • Vincenzo Denicolo

Abstract

In a recent paper, Goel (1996) analyses the effect of patent length on firm’s R&D in a model where the timing of innovations is stochastic. He concludes that: ‘Higher patent length does not necessarily lead to more R&D spending’ (1996, p. 77). More precisely, ‘in projects with high probabilities of innovation success firms might actually reduce their R&D spending when the patent length increases’ (1996, p. 78). This conclusion, however, is flawed. The purpose of this note is to correct Goel's analysis, showing that in his model an increase in patent's length unambiguously leads to higher R&D investment.1

Suggested Citation

  • Vincenzo Denicolo, 1998. "Uncertainty, Patent Length and Firm R&D: a Comment," Australian Economic Papers, Wiley Blackwell, vol. 37(4), pages 447-449, December.
    • Handle: RePEc:bla:ausecp:v:37:y:1998:i:4:p:447-449
    DOI: 10.1111/1467-8454.00034
    as

    Download full text from publisher

    File URL: https://doi.org/10.1111/1467-8454.00034
    Download Restriction: no
    File URL: https://libkey.io/10.1111/1467-8454.00034?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    More about this item

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:bla:ausecp:v:37:y:1998:i:4:p:447-449. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Wiley Content Delivery (email available below). General contact details of provider: http://www.blackwellpublishing.com/journal.asp?ref=0004-900X .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.