Showing 1 - 10 of 333
Markets for technology can promote innovation by allowing for division of labor in research and development. Some firms …
Persistent link: https://www.econbiz.de/10008854505
This paper quantifies the relationship between market size and innovation in the pharmaceutical industry. We estimate … the elasticity of innovation, as measured by the number of new chemical entities appearing on the market for a given … the hypothesis that innovation in pharmaceuticals is becoming more difficult and expensive over time, as costs of …
Persistent link: https://www.econbiz.de/10009003149
This Paper empirically tests the ‘bounds approach’ to industry structure proposed by Sutton ((1991), (1998)). To carry out this task, we focus on the chemical industry. Part of the novelty in this exercise is that we work on the finest possible level of disaggregation. Also, we identify...
Persistent link: https://www.econbiz.de/10005656233
of German dyes to the United States during World War I and the immediate post-War period, and the subsequent re-entry of …
Persistent link: https://www.econbiz.de/10005666741
This paper studies how patent rights and price regulation affect how fast new drugs are launched in different countries, using newly constructed data on launches of 642 new drugs in 76 countries for the period 1983-2002, and information on the duration and content of patent and price control...
Persistent link: https://www.econbiz.de/10011084584
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 …
Persistent link: https://www.econbiz.de/10008477187
Using new data on citations to university patents and scientific publications, and measures of distance based on Google maps, we study how geography affects university knowledge diffusion. We show that knowledge flows from patents are localized in two respects: they decline sharply with distance...
Persistent link: https://www.econbiz.de/10008642874
We study how fragmentation of patent rights ('patent thickets') and the formation of the Court of Appeal for the Federal Circuit (CAFC) affected the duration of patent disputes, and thus the speed of technology diffusion through licensing. We develop a model of patent litigation which predicts...
Persistent link: https://www.econbiz.de/10005656440
In this paper we abandon the usual assumption that patents bring known benefits to the industry or that their benefits are known to all parties. When royalty payments are increasing in one’s patent portfolio, private information about the quality of patents leads to a variety of distortions,...
Persistent link: https://www.econbiz.de/10005662206
complements problem but not the double mark-up problem. Vertical integration discourages entry and reduces innovation incentives …, while horizontal integration always encourages entry and innovation. …
Persistent link: https://www.econbiz.de/10005666527