OPTIMAL PATENT LENGTH IN A NORTH-SOUTH FRAMEWORK: A COMMENT
SWAPNENDU BANERJEE
Gokhale Institute of Politics and Economics, BMCC Road, Deccan Gymkhana, Pune-411004, Maharashtra, India
TARUN KABIRAJ
Economic Research Unit, Indian Statistical Institute, Kolkata, 203, B.T. Road, Kolkata–700108, India
We show that under some conditions, it is optimal for the non-innovating south to give patent protection for a longer period than the innovating north. However, a cooperative patent agreement involves a larger protection by each country compared to the non-cooperative situation.
Keywords: Patent protection; innovation; cooperative agreement
JEL: O34, F23, L14