Showing 1 - 10 of 511
Support for many R&D and technology policies relies on empirical evidence that R&D ‘spills over’ between firms. But there are two countervailing R&D spillovers: positive effects from technology spillovers and negative effects from business stealing by product market rivals. We develop a...
Persistent link: https://www.econbiz.de/10005662082
We study and endogenous growth model where a profit-motivated R&D sector coexists with the introduction of free blueprints invented by philanthropists. These goods are priced at marginal cost, contrary to proprietary ones, which are produced by a monopoly owned by the inventor. We show that...
Persistent link: https://www.econbiz.de/10005662038
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
How much does US-based R&D benefit other countries and through what mechanisms? We test the ‘technology sourcing’ hypothesis that foreign research labs located on US soil tap into US R&D spillovers and improve home country productivity. Using panels of UK and US firms matched to patent data...
Persistent link: https://www.econbiz.de/10005661780
We analyse strategic interaction in R&D internationalization decisions by two multinational firms competing both abroad and in their home markets and examine different incentives for foreign R&D faced by technology leaders and technology laggards. The model takes into account the impact of local...
Persistent link: https://www.econbiz.de/10005124240
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
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
In a model with moral hazard and assymmetric information, we show that it can be welfare-improving to differentiate patent lives when firms have different R&D productivities. A uniform patent life provides excessive R&D incentive to low-productivity firms, and too little to high ones. The...
Persistent link: https://www.econbiz.de/10005656148
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 … is larger for patents from public, as compared to private, universities and this is partly explained by the local …
Persistent link: https://www.econbiz.de/10008642874
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