题  目：A Welfare Analysis of Patent and Monetary Policies in an R&D-Based Growth Model​

报告人：杨毅柏   助理教授   宁波诺丁汉大学

主持人：夏昪君   浙江大学经济学院

时  间：2015年5月8日   星期五   15:30-17:00

地  点：浙大玉泉校区外经贸大楼418室

               
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ABSTRACT：This study compares the welfare effects of patent policy and monetary policy in a Schumpeterian growth model where the market power of firms is subject to patent breadth and consumption and R&D investment are subject to cash-in-advance (CIA) constraints, respectively. The findings are as follows. First, implementing monetary policy is more effective than implementing patent policy and implementing the mix of these policies in terms of stimulating economic growth if patent protection under monetary policy is initially strong. Second, in terms of raising social welfare, monetary policy is always more effective than patent policy but both of them are (weakly) dominated by their combination.​

 

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                                                           2015-5-4