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The economic theory of intellectual property rights is based on a rather narrow view of both competition and technological knowledge. We suggest some ways of enriching this framework with a more empirically grounded view of both and, by means of a simulation model, we analyze the impact of...
Persistent link: https://www.econbiz.de/10010328651
yield lower rates of innovation, lower product quality and lower consumers' welfare. -- Patents ; appropriability of …
Persistent link: https://www.econbiz.de/10008732424
There has been no previous research on the link between license market and stock market. Are the two markets integrated or coupled such that the valuation of the same portfolio of intangible assets is consistent cross market? This study tries to fill the research gap. Based on the data of...
Persistent link: https://www.econbiz.de/10013133222
previous measures of patent scope (i.e. the number of patent classes, the number of citations made by future patents, and the … then demonstrate the power of this instrument by examining standard-essential patents. We show that an (exogenous …) diminishment of patent scope leads to patents being much less likely to be declared standard-essential …
Persistent link: https://www.econbiz.de/10012901811
Designing around patents is prevalent but not often appreciated as a means by which patents promote economic … claims. We study the filing rate of incandescent lamp-related patents during 1878-1898 and find that the enforcement of … the lamps described in these lamp patents and compared them to Edison’s claimed invention to create a count of non …
Persistent link: https://www.econbiz.de/10013239313
Patents are legal delinquents. A growing body of empirical evidence demonstrates that patents repeatedly fail to … misbehavior, we can catch a glimpse of the social roles patents play when no one is watching. Drawing on insights from the … sociology of markets, I argue that patents are surreptitiously performing functions familiar from the grocery store, the …
Persistent link: https://www.econbiz.de/10013248741
understudied market for patents, widely believed to be illiquid and inefficient, with fundamental research about how markets …
Persistent link: https://www.econbiz.de/10014124487
In this paper we present a model of the long term dynamics of market structure and innovation in the pharmaceutical industry in a history friendly way. Our results show a strong increase in concentration in each therapeutic area, but a rather low level of concentration in the overall market....
Persistent link: https://www.econbiz.de/10005169682
We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain the evolution of industries and aggregate growth in closed and open economies. Firms employ educated workers in order to develop higher-quality products. The realization of...
Persistent link: https://www.econbiz.de/10011306647
We present a class of dynamic general-equilibrium models of education, innovation and technology transfer to explain the evolution of industries and aggregate growth in closed and open economies. Firms employ educated workers in order to develop higher-quality products. The realization of...
Persistent link: https://www.econbiz.de/10011295685