Partha Dasgupta, Eric Maskin; The Existence of Equilibrium in Discontinuous Economic Games, II: Applications, The Review of Economic Studies, Volume 53, Is

Partha Dasgupta, Eric Maskin; The Existence of Equilibrium in Discontinuous Economic Games, I: Theory, The Review of Economic Studies, Volume 53, Issue 1, 1 Jan

Partha Dasgupta, Geoffrey Heal; The Optimal Depletion of Exhaustible Resources12, The Review of Economic Studies, Volume 41, Issue 5, 1 December 1974, Page

Partha Dasgupta, Joseph Stiglitz; On Optimal Taxation and Public Production12, The Review of Economic Studies, Volume 39, Issue 1, 1 January 1972, Pages 87

Partha Dasgupta, Peter Hammond, Eric Maskin; The Implementation of Social Choice Rules: Some General Results on Incentive Compatibility, The Review of Econ

This paper examines the interactions between market structure and resource allocation over time when there is endogenous technical progress. The structures considered are a planned economy, pure monopoly, and competition with patent rights. In an efficient allocation the date of invention coincides with the date of innovation (the date at which technology is used). This is also true with a pure monopoly, but monopoly retards technical progress relative to the efficient level. Competition for patents rights to a new technology results in excessively rapid technical progress if the resource endowment of the economy is sufficiently large. Also, competition may lead to “sleeping patents” where invention strictly precedes the date of innovation.