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The Impact Of Uncertainty Intellectual Property Rights On The Market For Ideas: Evidence From Patent Grant Delays, Joshua S. Gans, David H. Hsu, Scott Stern
The Impact Of Uncertainty Intellectual Property Rights On The Market For Ideas: Evidence From Patent Grant Delays, Joshua S. Gans, David H. Hsu, Scott Stern
Joshua S Gans
This paper considers the impact of the intellectual property (IP) system on the timing of cooperation/licensing by start-up technology entrepreneurs. If the market for technology licenses is efficient, the timing of licensing is independent of whether the patent has already been granted, and productive efficiency considerations will determine license timing (which likely will be as early as possible after invention). In contrast, the need for disclosure of unprotected knowledge on the part of the inventor, asymmetric information between the licensor and potential licensees, or search costs may retard efficient technology transfer. In these cases, reductions in uncertainty surrounding the scope …
Innovazione E Occupazione, Mario Pianta
Demand And Innovation In European Industries, Mario Pianta, Francesco Crespi
Demand And Innovation In European Industries, Mario Pianta, Francesco Crespi
Mario Pianta
After the decade-old debate between demand-pull and technology-push perspectives, demand seems to have fallen out of fashion. In this paper two models are proposed on the determinants of general innovative activities and on the market impact of product innovations. The models combine the supply and demand engines of innovation, and qualify the type of innovative efforts, distinguishing between those oriented towards cost reductions or towards technological competitiveness. The models are tested at the industry level for 22 manufacturing sectors and 17 services sectors in six European countries. The results show that efforts at technological competitiveness, product oriented strategies and the …