| Innovation, imitation, and social welfare.: An article from: Southern Economic Journal | Digitalby Lynne M. Pepall (Author), Daniel J. Richards (Author)
| List Price: | $5.95 | | | Available: | Available for download now |
| | Binding: | Digital | | Publisher: | Southern Economic Association | | Page Count: | 22 Pages | | Publication Date: | January 01, 1994 |
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Product Description
This digital document is an article from Southern Economic Journal, published by Southern Economic Association on January 1, 1994. The length of the article is 6308 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.From the supplier: The effects of imitation on innovative activity and social welfare were examined to measure the relationship between innovation and imitation costs. Social welfare enters into consideration because an innovator's decision on product quality and price may be affected by the possibility of imitation. Results show that the quality choice rises as the cost of imitation relative to original development rises. High product quality results in higher social welfare relative to a situation wherein the innovator is given a monopoly. The tensions among product quality, low prices and ease of imitation should thus be addressed by patent and regulatorypolicies.Citation DetailsTitle: Innovation, imitation, and social welfare.Author: Lynne M. PepallPublication: Southern Economic Journal (Refereed)Date: January 1, 1994Publisher: Southern Economic AssociationVolume: v60 Issue: n3 Page: p673(12)Distributed by Thomson Gale |
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