MAXIMIZING INVENTOR’S PROFIT IN THE PROCESS OF INVENTION COMMERCIALIZATION BASED ON THE NORDHAUS MODEL

Authors

  • Oksana Lyashenko TNEU

Keywords:

Nordhaus model, patent, invention, time lag, profit maximization, commercialization of an invention.

Abstract

In this article, the author develops a model of inventor’s profit maximization in the process of commercializing an invention based on the critical analysis of the «optimal life of a patent» model offered by  the American economist William Nordhaus. The author defines perspective directions for further modifications of the Nordhaus model for its application in the real economic conditions of Ukraine. 

References

William D. Nordhaus. The Optimum Life of a Patent. Clowes Fondation Discussion Paper # 241. 1967. http://cowles.econ.yale.edu/P/cd/d02a/ d0241.pdf.

William D. Nordhaus. Productivity Growth and the New Economy. Brookings Papers on Economic Activity, Vol. 2002, No 2 (2002), pp. 211–244.

Ляшенко О. Модифікація та розширення моделі Нордхауза // Вісник ЧДТУ. – 2007. – Випуск № 5 (25).– С. 195–201.

Елисеев А. Н., Шульга И. Е. Институциональный анализ интеллектуальной собственности: Учеб. пособие. – М.: ИНФРА-М, 2005. – 192 с.

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Published

01.06.2017

How to Cite

Lyashenko, Oksana. “MAXIMIZING INVENTOR’S PROFIT IN THE PROCESS OF INVENTION COMMERCIALIZATION BASED ON THE NORDHAUS MODEL”. Journal of European Economy, vol. 6, no. 4, June 2017, pp. 455-6, https://jeej.wunu.edu.ua/index.php/enjee/article/view/93.

Issue

Vol. 6 No. 4 (2007): JOURNAL OF EUROPEAN ECONOMY

Section

MICROECONOMICS

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