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Budish Aea PP by nghile2508 is a document available to read on EtoBox.
What is Budish Aea PP about?
The paper examines the relationship between patents and research investments, focusing on the optimal design of patent policy to incentivize private research while balancing social welfare. It highlights the empirical challenges in estimating the elasticity of R&D investment with respect to patent terms and reviews existing literature on the topic. The authors aim to clarify the trade-offs involved in patent length and its impact on innovation and social value, drawing on the foundational Nordhaus model.
- Author
- nghile2508
- Language
- EN