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Recent accounts suggest the development and commercialization of invention has become more "open." Greater division of labor between inventors and innovators can enhance social welfare through gains from trade and greater economies of specialization. Moreover, this extensive reliance upon...
Persistent link: https://www.econbiz.de/10010951285
scientist and (b) applied for (an eventually granted) patent with non-patent references, where these references are used …
Persistent link: https://www.econbiz.de/10010950753
This paper is an exercise in comparative institutional analysis, asking what kinds of arrangements most facilitate innovation. After identifying pervasive market failures in innovation, it explains why those associated with the Nordic model may be particularly conducive to innovation, and...
Persistent link: https://www.econbiz.de/10010950953
When firms recruit inventors, they acquire not only the use of their skills but also enhanced access to their stock of ideas. But do hiring firms actually increase their use of the new recruits' prior inventions? Our estimates suggest they do, quite significantly in fact, by approximately 202%...
Persistent link: https://www.econbiz.de/10008628413
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/10010821990
We study how the market for innovation affects enforcement of patent rights. Conventional wisdom associates the gains … from trade with comparative advantage in manufacturing or marketing. We show that these gains imply that patent … transactions should increase litigation risk. We identify a new source of gains from trade, comparative advantage in patent …
Persistent link: https://www.econbiz.de/10009277247
identifies a number of specific fact patterns under which the current U.S. patent system allows patent holders to capture private … deadweight loss associated with the patent system and discourage innovation by others. Economic efficiency is promoted if rewards … to patent holders are aligned with and do not exceed their social contributions. This paper analyzes two major reforms to …
Persistent link: https://www.econbiz.de/10005777810
and as a patent. Such patent-paper pairs are at the heart of our empirical strategy. We exploit the fact that patents are … knowledge associated with a patent paper pair therefore diffuses within two distinct intellectual property environments %u2013 …-indifferences estimator for 169 patent-paper pairs (and including a control group of publications from the same journal for which no patent is …
Persistent link: https://www.econbiz.de/10005061534
In this paper, we untangle the searchable and experiential dimensions of quality responses to entry by counterfeiters in emerging markets with weak intellectual property rights. Our theoretical framework analyzes the market equilibria under competition with non-deceptive counterfeiting and...
Persistent link: https://www.econbiz.de/10010607943
In a dynamic environment where underlying competition is "for the market," this paper examines what happens when entrants and incumbents can instead negotiate for the market. For instance, this might arise when an entrant innovator can choose to license to or be acquired by an incumbent firm;...
Persistent link: https://www.econbiz.de/10010950674