한국기술혁신학회:학술대회논문집 (Proceedings of the Korea Technology Innovation Society Conference)
- 한국기술혁신학회 2010년도 추계 학술대회 논문집
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- Pages.203-212
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- 2010
Private Value of Innovation(Patents)
초록
Examining the relation between market structure and the value of innovation is important for competition and STI policy. If the value is large in a specific industry structure, government may lead the industry to take that form to enhance innovation. Our simple calibration in the case of linear demand and constant MC results in the conclusion that the incentive for R&D in the case of major and minor innovation in Cournot competition is less than that of merger and cooperative R&D. This emphasizes again "necessary evil" as a monopoly for innovation.