How Do Patents Affect Research Investments? / Heidi L. Williams.

By:

Williams, Heidi L

Contributor(s):

National Bureau of Economic Research

Material type: Text

TextSeries: Working Paper Series (National Bureau of Economic Research) ; no. w23088.Publication details: Cambridge, Mass. National Bureau of Economic Research 2017.Description: 1 online resource: illustrations (black and white)Subject(s):

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Abstract: While patent systems have been widely used both historically and internationally, there is nonetheless a tremendous amount of controversy over whether patent systems - in practice - improve the alignment between private returns and social contributions. In this paper, I describe three parameters - how the disclosure function affects research investments, how patent strength affects research investments in new technologies, and how patents on existing technologies affect follow-on innovation - needed to inform the question of how patents affect research investments, and review the available evidence which has attempted to empirically estimate these parameters.

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Item type	Home library	Collection	Call number	Status	Date due	Barcode	Item holds
Working Paper	Biblioteca Digital	Colección NBER	nber w23088 (Browse shelf(Opens below))	Not For Loan

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January 2017.

While patent systems have been widely used both historically and internationally, there is nonetheless a tremendous amount of controversy over whether patent systems - in practice - improve the alignment between private returns and social contributions. In this paper, I describe three parameters - how the disclosure function affects research investments, how patent strength affects research investments in new technologies, and how patents on existing technologies affect follow-on innovation - needed to inform the question of how patents affect research investments, and review the available evidence which has attempted to empirically estimate these parameters.