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patents can affect technical change, industry dynamics, and ultimately welfare, is through their role in stimulating or … stifling entry by new ventures. Patents can block entry, or raise entrants' costs in variety of ways, while at the same time … their intangible assets. One important impact of patents may be their influence on capital markets, and here we find …
Persistent link: https://www.econbiz.de/10012751721
-derived patent and financial data, as well as a novel model that guides our data analysis. We find that NPEs acquire patents from … license patents, those that generate higher fees are closer to the licensee's business and more likely to be litigated. We … also find that downstream innovation drops in fields where patents have been acquired by NPEs. Finally, our numerical …
Persistent link: https://www.econbiz.de/10012889482
. Accordingly, this paper offers an empirical comparison of patents in relation to the award of prizes for technological innovation …. The data set comprises a sample of patents, as well as exhibits and prizes at annual industrial fairs in Massachusetts …
Persistent link: https://www.econbiz.de/10013040534
. Using comprehensive data on Norwegian workers, firms, and patents, we find a 50% decline in both entrepreneurship and … patenting rates by university researchers after the reform. Quality measures for university start-ups and patents also decline …
Persistent link: https://www.econbiz.de/10012997365
. We find that patents have important consequences for access to new drugs: in the absence of a patent, launch is unlikely … prices but higher sales as well. The price premium associated with patents is smaller in poorer countries. Price …
Persistent link: https://www.econbiz.de/10013031206
Intellectual property (IP) protection involves a trade-off between the undesirability of monopoly and the desirable encouragement of creation and innovation. Optimal policy depends on the quantitative strength of these two forces. We give a quantitative assessment of current IP policies. We...
Persistent link: https://www.econbiz.de/10012778117
Price controls create opportunities for international arbitrage. Many have argued that such arbitrage, if tolerated, will undermine intellectual property rights and dull the incentives for investment in research-intensive industries such as pharmaceuticals. We challenge this orthodox view and...
Persistent link: https://www.econbiz.de/10012779605
The pace of innovation is related both to the level of investment in innovation and the pool of knowledge from which innovators can draw. Both of these are endogenous: Investments in innovations are affected by the pool of knowledge and the ability of firms to appropriate the returns to their...
Persistent link: https://www.econbiz.de/10013056191
What is the optimal system of intellectual property rights to encourage innovation? Empirical evidence from economic history can help to inform important policy questions that have been difficult to answer with modern data: 1) Does the existence of strong patent laws encourage innovation? And 2)...
Persistent link: https://www.econbiz.de/10013064853
setting that implies a waiver of intellectual property rights if patents are not disclosed timely, firms aspire to disclose …
Persistent link: https://www.econbiz.de/10013066245