Construct · 1 fields · 1 citations

patent race: a standalone construct

One name. One construct. A landmark on the map.

● anchor · a standalone construct Nearest construct by meaning·not indexed
patent race1 CONSTRUCTPatent raceLOURY · ECONOMICS OF

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Economics of innovation and growth

competition among firms investing in research to be first to an innovation that only the winner can patent, which can lead to overinvestment.

In economics of innovation and growth, patent race refers to competition among firms investing in research to be first to an innovation that only the winner can patent, which can lead to overinvestment. This meaning comes from Loury (1979) in The Quarterly Journal of Economics.[1]

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Nearby constructs

growth4 fields · 4 citationsjingle · one word, four constructsinnovation6 fields · 11 citationsjingle · one name, six constructspatent2 fields · 2 citationsjingle · one word, two carriers

References

  1. Loury, G. C. (1979). Market Structure and Innovation. The Quarterly Journal of Economics, 93(3), 395. https://doi.org/10.2307/1883165

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