Showing 1 - 10 of 11
When more than one component or activity is needed to produce the final product, a firm may use proprietary standards or adopt a common standard to integrate these components. We call these closed and open firms respectively, and develop a model of industry evolution to study the process by...
Persistent link: https://www.econbiz.de/10005561444
Reexamining foreign direct investment (FDI) as a potential channel for knowledge diffusion -- based on industry data from seventeen OECD countries during the period 1973-2000 -- we find that FDI-receiving countries benefit strongly from FDI-related knowledge spillovers. We do not find evidence...
Persistent link: https://www.econbiz.de/10005412744
The aim of this paper is to empirically examine the endogenous growth without scale effect as in Segestrom (1998). We firstly build a concordance table between the 1972 Standard Industrial Classification System (SIC) and USPCS (as of December, 31 2002) industrial codes using the USPTO...
Persistent link: https://www.econbiz.de/10005408256
relatively larger stock of accumulated knowledge (stock of citation-weighted patents), relatively higher R&D inputs (R …
Persistent link: https://www.econbiz.de/10005412905
This paper surveys recent findings about how the financial markets value the knowledge assets of publicly traded firms. The motivation for using market value equation to price knowledge assets is discusssed and the theory behind this equation is briefly presented. Then the empirical literature...
Persistent link: https://www.econbiz.de/10005413048
When the home country introduces a patent law after the winner of the patent race is known the country's welfare may rise only if the domestic firm wins. If the home country decides before the patent race ends, the welfare may be increased when the probability that the domestic firm wins is...
Persistent link: https://www.econbiz.de/10005556017
-weighted patent-intensity as a proxy for R&D output; the stock of citation-weighted patents as a proxy for the accumulated stock of …
Persistent link: https://www.econbiz.de/10005561400
This paper analyzes the effects of different sources of R&D funding and patent office attributes on the patenting process. Another important contribution is modeling the effect of a random delay in the ‘pendency’ time as a stochastic process and quantifying its effect on patenting. The...
Persistent link: https://www.econbiz.de/10005561418
The strategies of rent appropriation and market structure are inter- dependent. How firms use patents depends upon … leaders combined patents and secrecy to deter entry. Patents were also used to within cartels to organize technology licensing …. The role of patents changed in the less concentrated post war markets. In bulk organic chemicals and petrochemicals, even …
Persistent link: https://www.econbiz.de/10005561470
The rate of patenting in the U.S. has exploded in the last half of the 1990s. It is widely believed that the increase in patent grants is at least partly a result of the apparent decline in examination standards. There has been little exploration, however, of the theoretical prediction that a...
Persistent link: https://www.econbiz.de/10005561475