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The Optimal Timing of Procecurement Decisions and Patent Allocations

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Abstract

We illustrate by means of a dynamic research and development race that, while at some points in the race, social incentives and private incentives may coincide, at other points they may diverge too many researchers remain that race.

Suggested Citation

  • Perry, M. & Vincent, D.R., 1996. "The Optimal Timing of Procecurement Decisions and Patent Allocations," University of Western Ontario, Departmental Research Report Series 9614, University of Western Ontario, Department of Economics.
    • Handle: RePEc:uwo:uwowop:9614
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    File URL: https://ir.lib.uwo.ca/cgi/viewcontent.cgi?article=1412&context=economicsresrpt
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    Cited by:

    1. By Kenneth L. Judd & Karl Schmedders & Şevin Yeltekin, 2012. "Optimal Rules For Patent Races," International Economic Review, Department of Economics, University of Pennsylvania and Osaka University Institute of Social and Economic Research Association, vol. 53(1), pages 23-52, February.

    More about this item

    Keywords

    RESEARCH AND DEVELOPMENT; SOCIAL CHOICE; DECISION MAKING;
    All these keywords.

    JEL classification:

    • D70 - Microeconomics - - Analysis of Collective Decision-Making - - - General
    • D71 - Microeconomics - - Analysis of Collective Decision-Making - - - Social Choice; Clubs; Committees; Associations

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