Patent protection, market uncertainty, and R&D investment

Dirk Czarnitzki and Andrew A. Toole

The real options investment theory shows that greater uncertainty about market revenues reduces current R&D investment by increasing the value of waiting. This paper presents empirical evidence that patent protection mitigates the effect market uncertainty on R&D investment.

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Year of publication:	2006
Other Persons:	Czarnitzki, Dirk (contributor) ; Toole, Andrew A. (contributor)
Publisher:	Mannheim : ZEW Zentrum für Europäische Wirtschaftsforschung
Subject:	Patentrecht \| Patent law \| Industrieforschung \| Industrial research \| Volkswirtschaftliche Investitionstheorie \| Theory of aggregate investment \| Realoptionsansatz \| Real options analysis \| Markt \| Market \| Risiko \| Risk \| Deutschland \| Germany \| Forschung und Entwicklung \| Geistiges Eigentum \| Patentschutz \| Ungewissheit \| 1995-2001

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Extent:	Online-Ressource, 11 S., Text
Series:	ZEW discussion papers. - Mannheim : ZEW, ZDB-ID 2125128-9. - Vol. 06-56
Type of publication:	Book / Working Paper
Type of publication (narrower categories):	Arbeitspapier ; Working Paper
Language:	English
Notes:	Systemvoraussetzungen: Acrobat reader
Source:	ECONIS - Online Catalogue of the ZBW

Persistent link: https://www.econbiz.de/10003359656