Researchers have raised two concerns about the current patent approval process by the United States Patent and Trademark Office (USPTO). First, it takes too long to process applications. Second, examiners make too many errors in the approval process. The first concern suggests that examiners...

Researchers have raised two concerns about the current patent approval process by the United States Patent and Trademark Office (USPTO). First, it takes too long to process applications. Second, examiners make too many errors in the approval process. The first concern suggests that examiners...

We study the effects of patent protection on economic growth in the ith region when this ith region is part of an aggregate economy of i=1,...,N regions. The regulatory authority in the ith region attempts to curtail the monopoly power of patent holding input producers by requiring them to...

We study the effects of patent protection on economic growth in the ith region when this ith region is part of an aggregate economy of i=1,...,N regions. The regulatory authority in the ith region attempts to curtail the monopoly power of patent holding input producers by requiring them to...

We provide what to the best of our knowledge is the first theoretical analysis of the total effects of human capital use, innovative activity, and patent protection, on economic growth in a model with many regions. In each region, consumers have constant relative risk aversion preferences, there...

We provide what to the best of our knowledge is the first theoretical analysis of the total effects of human capital use, innovative activity, and patent protection, on economic growth in a model with many regions. In each region, consumers have constant relative risk aversion preferences, there...

Recently, Batabyal and Yoo (2018) have analyzed Schumpeterian competition in a region that is creative a la Richard Florida and where the creative class is made up of existing and candidate entrepreneurs. These researchers assume that an existing entrepreneur has a fully enforced patent on the...