R&D and the patent premium

被引：160

作者：

Arora, Ashish ^{[2
]}

Ceccagnoli, Marco ^{[1
]}

Cohen, Wesley M. ^{[3
,4
]}

机构：

[1] Georgia Inst Technol, Coll Management, Atlanta, GA 30308 USA

[2] Carnegie Mellon Univ, Heinz Sch, Pittsburgh, PA 15213 USA

[3] Duke Univ, Fuqua Sch Business, Durham, NC 27706 USA

[4] NBER, Cambridge, MA 02138 USA

来源：

INTERNATIONAL JOURNAL OF INDUSTRIAL ORGANIZATION | 2008年 / 26卷 / 05期

基金：

美国国家科学基金会;

关键词：

patents; intellectual property; R&D; innovation;

D O I：

10.1016/j.ijindorg.2007.11.004

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We analyze the effect of patenting on R&D with a model linking a firm's R&D effort with its decision to patent, recognizing that R&D and patenting affect one another and are both driven by many of the same factors. Using survey data for the U.S. manufacturing sector, we estimate the increment to the value of an innovation realized by patenting it, and then analyze the effect on R&D of changing that premium. Although patent protection is found to provide a positive premium on average in only a few industries, our results also imply that the premium varies across industries and with firm size. Patent protection also stimulates R&D across all manufacturing industries, albeit with the magnitude of that effect varying substantially. (C) 2007 Elsevier B.V. All rights reserved.

引用

页码：1153 / 1179

页数：27

共 66 条

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Amemiya Takeshi., 1985, Advanced Econometrics

[2]

[Anonymous], 2004, PAT SYST 21 CENT

[3]

Arora A., 2003, 9431 NBER

[4]

Arora Ashish., 2001, Markets for Technology: The Economics of Innovation and Corporate Strategy