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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
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
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
diffusion decreases both in technology imitation among innovators and in technology adoption by entrepreneurs. Patents are an …
Persistent link: https://www.econbiz.de/10014416148
firms may protect their inventions by means of intellectual property rights, such as patents. By taking out a patent … of patents on the dissemination of R&D findings is, however, insignificant. Therefore, we conclude that patent …
Persistent link: https://www.econbiz.de/10012623469
We evaluate the welfare effects of differential pricing, voluntary licensing, and compulsory licensing in the Indian market for oral anti-diabetic (OAD) drugs. This market includes a new class of molecules called DPP-4 inhibitors, all of which are under patent protection in India. The Indian...
Persistent link: https://www.econbiz.de/10013035611
European multinational corporations (MNCs) and employing the relative share of patents held by an MNC as a measure for patent … concentration shapes an MNC's incentives to shift income via patents. Our findings also indicate that the effectiveness of tax …
Persistent link: https://www.econbiz.de/10012302070
Innovation is commercialization of technology. Imperfections in markets for technology should leave marks on physical investments for innovation. Two types of transaction costs could affect innovative investments: royality stacking and hold-up threats. Backward references in firm's patent...
Persistent link: https://www.econbiz.de/10009510154
of patents has been largely ignored. Second, we explore how the general-equilibrium framework contributes to the results … depend on the proportion of industries that conduct R&D. Furthermore, patents affect the allocation of R&D resources across … industries, and patents can distort resources away from industries where they are most productive. -- innovation ; patent policy …
Persistent link: https://www.econbiz.de/10009711658