Related papers: Why do firms patent?
This article examines the complex trade-offs inherent in the patent system, exploring whether patents truly incentivize innovation or inadvertently hinder progress. It traces the historical evolution of patent rights from their origins in…
This article examines the proportion of technical knowledge that is eventually patented and discusses implications for innovation. Drawing from economic theory and information science, the study considers a continuum from raw data to…
This article reviews the empirical evidence on the use of patent citations as a proxy for invention importance. It distinguishes between technical merit, private economic value, and social value, and surveys validation studies using expert…
While patents and standards have been identified as essential driving components of innovation and market growth, the inclusion of a patent in a standard poses many difficulties. These difficulties arise from the contradicting natures of…
Patent lawsuits are costly and time-consuming. An ability to forecast a patent litigation and time to litigation allows companies to better allocate budget and time in managing their patent portfolios. We develop predictive models for…
Why do firms produce scientific research and make it available to the public, including their rivals? Prior literature has emphasized the tension between imitation risks from disclosure and scientists' preferences for publication. This…
Scientific and technological progress is largely driven by firms in many domains, including artificial intelligence and vaccine development. However, we do not know yet whether the success of firms' research activities exhibits dynamic…
This study investigates the causal relationship between patent grants and firms' dynamics in the Information and Communication Technology (ICT) industry, as the latter is a peculiar sector of modern economies, often under the lens of…
Patent systems vary widely in how rigorously they define and enforce inventors' rights. On one hand, formal statutes ("law on the books") set the scope of what can be patented and outline procedural safeguards. On the other hand, actual…
I show that firms price almost competitively and consumers can infer product quality from prices in markets where firms differ in quality and production cost, and learning prices is costly. Bankruptcy risk or regulation links higher quality…
Information Technology applications are growing significantly fast for the past decade. Many Business organizations with emphasize on IT applications are trying to gain competitive advantages. Empirical studies also demonstrate that IT…
Patent quality is a critical yet complex concept of interest to inventors, legal experts, and policymakers alike. This article demystifies patent quality by examining its various dimensions and definitions. It begins by discussing invention…
Consumers in many markets are uncertain about firms' qualities and costs, so buy based on both the price and the quality inferred from it. Optimal pricing depends on consumer heterogeneity only when firms with higher quality have higher…
Information sharing among organizations has been gaining attention as a method for improving cybersecurity. However, the associated disclosure costs act as deterrents for firms' voluntary cooperation. In this work, we take a game-theoretic…
We study a model of dynamic two-stage R&D competition where the competing firms are uncertain about the difficulty of the first stage. Staying in the competition is costly and a firm can also choose whether and when to quit. When a firm…
This paper overviews the economics of scientific grants, focusing on the interplay between the inherent uncertainty in research, researchers' incentives, and grant design. Grants differ from traditional market systems and other science and…
A crucial goal of funding research and development has always been to advance economic development. On this basis, a consider-able body of research undertaken with the purpose of determining what exactly constitutes economic impact and how…
Transparency is often deemed critical to enable effective real-world deployment of intelligent systems. Yet the motivations for and benefits of different types of transparency can vary significantly depending on context, and objective…
This study uses patent renewal information to estimate private value of patents by technology and ownership status. Patent value refers to the economic reward that the inventor extracts from the patent by making, using or selling an…
As technology has become more embedded into our society, the security of modern-day systems is paramount. One topic which is constantly under discussion is that of patching, or more specifically, the installation of updates that remediate…