英文摘要 |
Most of the research in the literature on IPR and R&D activities does not take into account firms’ self-protection efforts. To protect their IPR and the accompanied monopoly profits, firms also take actions to reduce the probability of patented products being imitated or pirated. This paper incorporates private precaution factors into a monopolistic competition model to analyze the effects of government IPR policies. We find that a more stringent government IPR policy encourages more R&D activities except in the case when private and governmental IPR protection activities are highly complementary. In addition, we find that there is a “variety effect” pertaining to a more stringent IPR protection policy. Contrary to the result of most of the literature, we find that a more stringent IPR policy is beneficial to consumers. |