Showing 1 - 10 of 297
private economic value of patents. The estimated mean of our patent value distribution is higher than 3 million Euros, the …
Persistent link: https://www.econbiz.de/10005792528
We develop a model of two-stage cumulative research and development (R&D), in which one Research Unit (RU) with an innovative idea bargains to license her non-verifiable interim knowledge exclusively to one of two competing Development Units (DUs) via one of two alternative modes: an open sale...
Persistent link: https://www.econbiz.de/10005124391
We study the problem of an inventor who brings to the market an innovation that can be legally copied. Imitators may 'enter' the market by copying the innovation at a cost or by buying from the inventor the knowledge necessary to reproduce and use the invention. The possibility of contracting...
Persistent link: https://www.econbiz.de/10008477187
This paper investigates how the mode of entry into a foreign market can be influenced by the intensity of R&D in an industry and the protection of intellectual property rights (IPR) in a recipient country. It then analyzes the link between the IPR regime and policies that place limits on the...
Persistent link: https://www.econbiz.de/10005136765
We analyse firms’ incentives to cluster in an industrial district to benefit from reciprocal technology spillovers. A simple model of cumulative innovation is presented where technology spillovers arise endogenously through labour mobility. It is shown that firms’ incentives to cluster are...
Persistent link: https://www.econbiz.de/10005666513
individually-owned patents in the U.S., we exploit variation in capital gains tax rates as an instrument to identify the causal … reduces litigation risk, on average. The impact of trade on litigation is heterogeneous, however. Patents with larger …
Persistent link: https://www.econbiz.de/10009322505
I provide a justification of intellectual property rights as a source of static efficiency gains in manufacturing, rather than dynamic benefits from greater innovation. I develop a property-rights model of a supply relationship with two dimensions of non- contractible investment. In equilibrium,...
Persistent link: https://www.econbiz.de/10011084191
the mode of licensing, based either on trade secrets or on patents. We model explicitly the equilibrium choice of the …
Persistent link: https://www.econbiz.de/10005788940
Patent holders may choose to protect innovations with single patents or to develop portfolios of multiple, related … number of related patents or investing in higher value of patents in the portfolio. We estimate the derived value equation … of inventions in a portfolio may reflect both genuine creation of value or stronger appropriability via patents. …
Persistent link: https://www.econbiz.de/10011083853
venture capital (VC) financing. We argue that investors are faced with considerable uncertainty and therefore rely on patents … British biotechnology companies we have identified all patents filed at the European Patent Office (EPO). Applying hazard rate … attention to patent quality, financing those ventures faster which later turn out to have high-quality patents. Patent …
Persistent link: https://www.econbiz.de/10005662179