Patent rights and innovation by small and large firms:
This paper studies the causal impact of patents on subsequent innovation by the patent holder. The analysis is based on court invalidation of patents by the U.S. Court of Appeals for the Federal Circuit, and exploits the random allocation of judges to control for the endogeneity of the judicial deci...
Gespeichert in:
| Hauptverfasser: | , |
|---|---|
| Format: | Buch |
| Sprache: | English |
| Veröffentlicht: |
Cambridge, MA
National Bureau of Economic Research
December 2015
|
| Schriftenreihe: | NBER working paper series
21769 |
| Schlagworte: | |
| Online-Zugang: | Volltext |
| Zusammenfassung: | This paper studies the causal impact of patents on subsequent innovation by the patent holder. The analysis is based on court invalidation of patents by the U.S. Court of Appeals for the Federal Circuit, and exploits the random allocation of judges to control for the endogeneity of the judicial decision. Patent invalidation leads to a 50 percent decrease in patenting by the patent holder, on average, but the impact depends critically on characteristics of the patentee and the competitive environment. The effect is entirely driven by small innovative firms in technology fields where they face many large incumbents. Invalidation of patents held by large firms does not change the intensity of their innovation but shifts the technological direction of their subsequent patenting |
| Beschreibung: | 37, [9] Seiten |
Internformat
MARC
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| 245 | 1 | 0 | |a Patent rights and innovation by small and large firms |c Alberto Galasso ; Mark Schankerman |
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| 520 | |a This paper studies the causal impact of patents on subsequent innovation by the patent holder. The analysis is based on court invalidation of patents by the U.S. Court of Appeals for the Federal Circuit, and exploits the random allocation of judges to control for the endogeneity of the judicial decision. Patent invalidation leads to a 50 percent decrease in patenting by the patent holder, on average, but the impact depends critically on characteristics of the patentee and the competitive environment. The effect is entirely driven by small innovative firms in technology fields where they face many large incumbents. Invalidation of patents held by large firms does not change the intensity of their innovation but shifts the technological direction of their subsequent patenting | ||
| 650 | 4 | |a Patents / United States / Econometric models | |
| 650 | 4 | |a Technological innovations / United States / Patents / Econometric models | |
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Datensatz im Suchindex
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| author | Galasso, Alberto Schankerman, Mark |
| author_GND | (DE-588)130406600 |
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| contents | Literaturverzeichnis (Seiten 30 - 33) |
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| id | DE-604.BV043353948 |
| illustrated | Not Illustrated |
| indexdate | 2024-07-10T07:23:47Z |
| institution | BVB |
| language | English |
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| publishDate | 2015 |
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| publisher | National Bureau of Economic Research |
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| spelling | Galasso, Alberto aut Patent rights and innovation by small and large firms Alberto Galasso ; Mark Schankerman Cambridge, MA National Bureau of Economic Research December 2015 37, [9] Seiten txt rdacontent n rdamedia nc rdacarrier NBER working paper series 21769 Literaturverzeichnis (Seiten 30 - 33) This paper studies the causal impact of patents on subsequent innovation by the patent holder. The analysis is based on court invalidation of patents by the U.S. Court of Appeals for the Federal Circuit, and exploits the random allocation of judges to control for the endogeneity of the judicial decision. Patent invalidation leads to a 50 percent decrease in patenting by the patent holder, on average, but the impact depends critically on characteristics of the patentee and the competitive environment. The effect is entirely driven by small innovative firms in technology fields where they face many large incumbents. Invalidation of patents held by large firms does not change the intensity of their innovation but shifts the technological direction of their subsequent patenting Patents / United States / Econometric models Technological innovations / United States / Patents / Econometric models Business enterprises / United States / Patents / Econometric models Small business / United States / Patents / Econometric models Unternehmen Ökonometrisches Modell USA Schankerman, Mark (DE-588)130406600 aut Erscheint auch als Online-Ausgabe 10.3386/w21769 NBER working paper series 21769 (DE-604)BV002801238 21769 http://papers.nber.org/papers/21769 Volltext |
| spellingShingle | Galasso, Alberto Schankerman, Mark Patent rights and innovation by small and large firms NBER working paper series Literaturverzeichnis (Seiten 30 - 33) Patents / United States / Econometric models Technological innovations / United States / Patents / Econometric models Business enterprises / United States / Patents / Econometric models Small business / United States / Patents / Econometric models Unternehmen Ökonometrisches Modell |
| title | Patent rights and innovation by small and large firms |
| title_auth | Patent rights and innovation by small and large firms |
| title_exact_search | Patent rights and innovation by small and large firms |
| title_full | Patent rights and innovation by small and large firms Alberto Galasso ; Mark Schankerman |
| title_fullStr | Patent rights and innovation by small and large firms Alberto Galasso ; Mark Schankerman |
| title_full_unstemmed | Patent rights and innovation by small and large firms Alberto Galasso ; Mark Schankerman |
| title_short | Patent rights and innovation by small and large firms |
| title_sort | patent rights and innovation by small and large firms |
| topic | Patents / United States / Econometric models Technological innovations / United States / Patents / Econometric models Business enterprises / United States / Patents / Econometric models Small business / United States / Patents / Econometric models Unternehmen Ökonometrisches Modell |
| topic_facet | Patents / United States / Econometric models Technological innovations / United States / Patents / Econometric models Business enterprises / United States / Patents / Econometric models Small business / United States / Patents / Econometric models Unternehmen Ökonometrisches Modell USA |
| url | http://papers.nber.org/papers/21769 |
| volume_link | (DE-604)BV002801238 |
| work_keys_str_mv | AT galassoalberto patentrightsandinnovationbysmallandlargefirms AT schankermanmark patentrightsandinnovationbysmallandlargefirms |