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,786 public corporations, and measures of both patent quality and patent value, we find that, while average invention value rises … with size, average invention quality declines, suggesting, per our model, that the large firm advantage is not due to …
Persistent link: https://www.econbiz.de/10013362008
success of the invention. Prize-oriented institutions thus appear to be less systematic and not as market-oriented as patent …Such institutions as patent systems cannot be well understood without an assessment of technological creativity in …
Persistent link: https://www.econbiz.de/10012457935
This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...
Persistent link: https://www.econbiz.de/10014512116
century. In addition to the funding agency, the data report whether the government has title to the patent ("title" patents …) or funded a patent assigned to a private organization ("license" patents). The data include a large number of "license …" patents that cannot be linked to government funding from patent text or other sources. Combining the historical data with …
Persistent link: https://www.econbiz.de/10014486228
This paper studies the effects of the USPTO's patent secrecy program in World War II, under which over 11,000 U ….S. patent applications were issued secrecy orders which halted examination and prohibited inventors from disclosing their … compulsory invention secrecy reduced follow-on invention and restricted commercialization, but as part of the security policies …
Persistent link: https://www.econbiz.de/10012479499
patent. The discovery of the periodic table in 1869 offers an opportunity to test this idea. Exhibition data show that …
Persistent link: https://www.econbiz.de/10012465356
We analyze the impact of accession to the regional patent system established by the European Patent Convention (EPC) on … applicants at the national patent offices and the European Patent Office (EPO). Our findings suggest a strong change in patent … filing behavior among foreigners seeking patent protection in the accession states, substituting EPO patents for domestic …
Persistent link: https://www.econbiz.de/10012453506
trade in patent rights was closely associated with increases in specialization at invention, as well as advances in rates of … invention more generally. The patent system is often celebrated for the stimulus to invention provided by granting limited … technological knowledge. Relying on evidence compiled from patent records, we argue that the evolution of a market for technology …
Persistent link: https://www.econbiz.de/10012471687
received over their careers, we highlight the impact of early U.S. patent institutions in providing broad access to economic … procedures for application, the United States deliberately created a patent system that allowed a much wider range, in … patent institutions. Moreover, by requiring that applications be examined for novelty by technical experts, and by enforcing …
Persistent link: https://www.econbiz.de/10012467721
institutional supports that made this market possible was, of course, the patent system, which created secure and tradable property … rights in invention. But trade was also facilitated by the emergence of intermediaries who economized on the information … costs associated with assessing the value of inventions and helped to match sellers and buyers of patent rights. Patent …
Persistent link: https://www.econbiz.de/10012469696