Data/hora: 11/06/2024 15:39:05

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

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