The Effects Of a Patent System on Product Varieties in Hotelling's Competition
Author ORCID Identifier
John Harter
https://orcid.org/0000-0001-7500-6712
Department
Business
Document Type
Article
Publication Date
1-1-2001
Abstract
The effects of a patent system on the chosen strategies of duopolists in an Hotelling's line game are examined. It is found that even a patent which is not designed to reward inventors with monopoly power will increase the range of costs to R&D from which a monopoly will result. Wider patents will increase the range of costs which give rise to a patent race as the unique equilibrium.
Recommended Citation
Harter, John R.F., "The Effects Of a Patent System on Product Varieties in Hotelling's Competition" (2001). EKU Faculty and Staff Scholarship. 595.
https://encompass.eku.edu/fs_research/595
Journal Title
Journal of Economic Insight
COinS
