Patents vs. trade secrets: Knowledge licensing and spillover

被引：44

作者：

Bhattacharya, Sudipto ^{[1
]}

Guriev, Sergei

机构：

[1] Univ London London Sch Econ & Polit Sci, London WC2A 2AE, England

[2] New Econ Sch, Moscow, Russia

[3] CEFIR, Moscow, Russia

来源：

JOURNAL OF THE EUROPEAN ECONOMIC ASSOCIATION | 2006年 / 4卷 / 06期

关键词：

D O I：

10.1162/JEEA.2006.4.6.1112

中图分类号：

F [经济];

学科分类号：

02 ;

摘要：

We develop a model of two-stage cumulative research and development (R&D), in which one research unit (RU) with an innovative idea bargains to license its nonverifiable interim knowledge exclusively to one of two competing development units (DU's) via one of two alternative modes: an open sale after patenting this knowledge, or a closed sale in which precluding further disclosure to a competing DU requires the RU to hold a stake in the licensed DU's postinvention revenues. Both modes lead to partial leakage of RU's knowledge from its description, to the licensed DU alone in a closed sale, and to both DUs in an open sale. The open sale is socially optimal; yet the contracting parties choose the closed sale whenever the interim knowledge is more valuable and leakage is sufficiently high. If the extent of leakage is lower, more RUs choose open sales, generating a nonmonotonic relationship between the strength of intellectual property rights and aggregate R&D expenditures and the overall likelihood of development by either DU.

引用

页码：1112 / 1147

页数：36

共 36 条

[11] Anticompetitive financial contracting: The design of financial claims [J].

Cestone, G ;

White, L .

JOURNAL OF FINANCE, 2003, 58 (05) :2109-2141

[12]

COHEN W, 2000, NBER WORKING PAPER, V7552

[13] Bargaining and sharing innovative knowledge [J].

d'Aspremont, C ;

Bhattacharya, S ;

Gérard-Varet, LA .

REVIEW OF ECONOMIC STUDIES, 2000, 67 (02) :255-271

[14] Patents, secrets, and the first-inventor defense [J].

Denicolò, V ;

Franzoni, LA .

JOURNAL OF ECONOMICS & MANAGEMENT STRATEGY, 2004, 13 (03) :517-538

[15]

DNEICOLO V, 2004, INT REV LAW ECON, V23, P365

[16] The licensing gamble: raising the stakes [J].

Featherstone, J ;

Renfrey, S .

NATURE REVIEWS DRUG DISCOVERY, 2004, 3 (02) :107-108

[17]

FULGHIER IPA, 2004, EFA 2004 MAASTRICHT, V4160

[18]

GILL D, 2006, STRATEGIC DISCLOSURE

[19] THE COSTS AND BENEFITS OF OWNERSHIP - A THEORY OF VERTICAL AND LATERAL INTEGRATION [J].

GROSSMAN, SJ ;

HART, OD .

JOURNAL OF POLITICAL ECONOMY, 1986, 94 (04) :691-719

[20] Patent length and the rate of innovation [J].

Horowitz, AW ;

Lai, ELC .

INTERNATIONAL ECONOMIC REVIEW, 1996, 37 (04) :785-801

← 1 2 3 4 →