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Optimal Global Patent Design

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  • Donald J. Wright

Abstract

The optimal patent breadth and length is derived for an innovating and a noninnovating country in the presence of imitation. It is found that the innovating country chooses longer or broader patent protection than the noninnovating country depending on the concavity or convexity of demand. These patents are compared to the optimal global patents designs and are found to be too weak from a global perspective. Finally, it is shown that where the optimal global patent design involves identical patents in each country that the innovating country is unambiguously better off, while the noninnovating country may be worse off with the optimal global patent design.

Suggested Citation

  • Donald J. Wright, 2005. "Optimal Global Patent Design," Journal of Institutional and Theoretical Economics (JITE), Mohr Siebeck, Tübingen, vol. 161(1), pages 18-37, March.
    • Handle: RePEc:mhr:jinste:urn:sici:0932-4569(200503)161:1_18:ogpd_2.0.tx_2-u
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    Cited by:

    1. Bagchi, Aniruddha & Roy, Abhra, 2011. "Endogenous R&D and Intellectual Property Laws in Developed and Emerging Economies," MPRA Paper 31822, University Library of Munich, Germany.
    2. Appio, Francesco Paolo & Baglieri, Daniela & Cesaroni, Fabrizio & Spicuzza, Lucia & Donato, Alessia, 2022. "Patent design strategies: Empirical evidence from European patents," Technological Forecasting and Social Change, Elsevier, vol. 181(C).
    3. Abhra Roy & Aniruddha Bagchi, 2011. "Optimal patent policy with endogenous cross-border acquisitions," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(3), pages 259-282.
    4. Aniruddha Bagchi & Abhra Roy, 2012. "Endogenous Research and Development and Intellectual Property Laws in Developed and Emerging Economies," Southern Economic Journal, John Wiley & Sons, vol. 78(3), pages 895-930, January.

    More about this item

    JEL classification:

    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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