Sequential Innovation, Patents, and Imitation

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英文文献：Sequential Innovation, Patents, and Imitation
英文文献作者：James Bessen,Eric Maskin
英文文献摘要：
We argue that when discoveries are "sequential" (so that each successive invention builds in an essential way on its predecessors) patent protection is not as useful for encouraging innovation as in a static setting. Indeed, society and even inventors themselves may be better off without such protection. Furthermore, an inventor's prospective profit may actually be enhanced by competition and imitation. Our sequential model of innovation appears to explain evidence from a natural experiment in the software industry.

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