How Do Patents Affect Research Investments?

How Do Patents Affect Research Investments? Although 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 article, I describe three parametershow the disclosure function affects research investments, how patent strength affects research investments in new technologies, and how patents on existing technologies affect follow-on innovationneeded to inform the question of how patents affect research investments, and review the available evidence that has attempted to empirically estimate these parameters. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Annual Review of Economics Annual Reviews

How Do Patents Affect Research Investments?

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Publisher
Annual Reviews
Copyright
Copyright 2017 by Annual Reviews. All rights reserved
ISSN
1941-1383
eISSN
1941-1391
D.O.I.
10.1146/annurev-economics-110216-100959
Publisher site
See Article on Publisher Site

Abstract

Although 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 article, I describe three parametershow the disclosure function affects research investments, how patent strength affects research investments in new technologies, and how patents on existing technologies affect follow-on innovationneeded to inform the question of how patents affect research investments, and review the available evidence that has attempted to empirically estimate these parameters.

Journal

Annual Review of EconomicsAnnual Reviews

Published: Aug 2, 2017

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