Data/hora: 12/06/2024 11:25:54

Provedor de dados: 	31	
País: 	United States	
Título: 	Patents, Spillovers, and Competition in Biotechnology	
Autores: 	Austin,   David H.	
Data: 	2005-10-26	
Ano: 	2000	
Palavras-chave: 	Innovation; Patent value; Spillover; Competition; Event study; Research and Development/Tech Change/Emerging Technologies; G14; O31; O34; L65.	
Resumo: 	I perform an event study on 600+ patents awarded primarily to 20 leading biotechnology firms and find significant changes in market values at the time of the awards. Adjusting for partial anticipation of events, I estimate that core technology patents in highly contested research areas are expected to generate between $13 and $21 million of economic value. They also generate spillover benefits for the patentee's rivals-presumably including knowledge transfers-valued at $3 to $6 million per firm. Awardees may appropriate only half of private benefits, although I observe negative spillovers for some high-profile awards. Most patents have no significant market impact.	
Tipo: 	Working or Discussion Paper	
Idioma: 	Inglês	
Identificador: 	18539

http://purl.umn.edu/10808	
Editor: 	AgEcon Search	
Relação: 	Resources for the Future&gt;Discussion Papers

Discussion Paper 00-53	
Formato: 	32

application/pdf