Showing 1 - 10 of 23
We investigate the causal effect of patent rights on cumulative innovation, using large-scale data that approximate the … patent universe in its technological and economic variety. We introduce a novel instrumental variable for patent invalidation … that exploits personnel scarcity in post-grant opposition at the European Patent Office. We find that patent invalidation …
Persistent link: https://www.econbiz.de/10012139072
We study the blocking effect of patents on follow-on innovation by others. We posit that follow-on innovation requires …. Where licensing fails, follow-on innovation is blocked unless firms gain FTO through patent invalidation. Using large …-scale data from post-grant oppositions at the European Patent Office, we find that patent invalidation increases follow …
Persistent link: https://www.econbiz.de/10014503038
We examine how collaborator loss affects knowledge workers in corporate R&D. We argue that such a loss affects the remaining collaborators not only by reducing their team-specific capital (as argued in the prior literature) but also by increasing their bargaining power over the employer, who is...
Persistent link: https://www.econbiz.de/10014458846
This paper develops a two-industry model of R&D. A monopolist supplier sells an intermediate good to an oligopolistic buyer industry where firms compete in quantity and quality-enhancing R&D. The supplier can contribute to downstream product improvements by creating spillover knowledge which...
Persistent link: https://www.econbiz.de/10011619933
Persistent link: https://www.econbiz.de/10009745140
which German patent renewal fees were paid to full-term expiration in 1995. A search of subsequent U.S. and German patents … yielded a count of citations to those patents. Patents renewed to full term were significantly more valuable than patents … allowed to expire before their full term. The higher an invention's economic value estimate was, the more the relevant patent …
Persistent link: https://www.econbiz.de/10011417779
Patent renewal studies reveal a highly rightward-skewed distribution of patent values. Our approach elicits valuations … approximating those of the patented invention. This paper focuses on the full-term patents of the application year 1977 held by West …
Persistent link: https://www.econbiz.de/10011417839
We explore the tail of patented invention value distributions by using value estimates obtained directly from patent … holders. The paper focuses on those full-term German patents of the application year 1977 which were held by West German and U ….S. residents. The most valuable patents in our data account for a large fraction of the cumulative value over all observations …
Persistent link: https://www.econbiz.de/10013428141
which German patent renewal fees were paid to full-term expiration in 1995. A search of subsequent U.S. and German patents … yielded a count of citations to those patents. Patents renewed to full term were significantly more valuable than patents … allowed to expire before their full term. The higher an invention's economic value estimate was, the more the relevant patent …
Persistent link: https://www.econbiz.de/10013428229
Using a newly constructed panel dataset of German enterprises, I estimate R&D and capital investment equations for the time period from 1990 to 1994. Simple accelerator specifications indicate considerable sensitivity of R&D and investment to cash flow for relatively small firms. Much of this...
Persistent link: https://www.econbiz.de/10011621855