Economic Models of New Technology

Undergraduate

Analysis of firms’ incentives to innovate, focusing on the effects of market power on the intensity of innovative activity. Topics include strategic investment in innovation, patent races, the diffusion of knowledge, intellectual property (IP) protection systems, IP licensing, research joint ventures, litigation, venture capital, and conflicts between IP rights and antitrust regulation. Only students who have NOT previously taken ECON 2144 will be eligible to register for ECON 4455 . Prerequisite: Intermediate Microeconomics or equivalent: Econ 121 or Econ 125 SO M 4pm-5:55pm