IMG_0003_NEW_0010 - mdimum a fim would invest wgld b....

Info iconThis preview shows page 1. Sign up to view the full content.

View Full Document Right Arrow Icon
tlelncentive to tnnovate ana Patents Ibr b D imwtion that will reduce costs fror UCo=eCo to l,tq=affi Fr& des{or would wmt to invest in knowledge creation if she could not qro?ride the profits qated by the imovation. In the absme of a par@t systs4 rc 6rm will invest myhing to fnance the imovation since if would iome Esaibble to all competitors. With a patent, the
Background image of page 1
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: mdimum a fim would invest wgld b. PoPrCB, the monopoly profits it would expect to em, thus inoeoiag tb*rlirrqd of adoption (ssming that the successful imovmr would *ill -cbdBe Po),_ In order to protectthe incentive to invest, mooopoly ;;";;;; irdad prupefiv is qeated. l"...
View Full Document

This note was uploaded on 12/29/2011 for the course ECON 6 taught by Professor Dianne during the Fall '10 term at Simon Fraser.

Ask a homework question - tutors are online