The value of intellectual property rights to firms and society

Christine A. Greenhalgh

97 citations0/0 files storedOxford Review of Economic Policy

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Intellectual Property and Patents Intellectual Property Law Merger and Competition Analysis

Abstract

Economists view intellectual property rights (IPRs) as policy tools for encouraging innovation, but they recognize that they can also inhibit competition. There are many types of IPRs and institutions concerned with their administration. We begin by outlining how these complex and varied rights are supposed to work and how they interact with other characteristics of firms and markets. We then survey the available literature on patents, trade marks, and copyright to assess the value of these IPRs to firms and the costs to firms of acquiring and defending their rights. The paper concludes with suggestions for topics requiring further research to inform public policy better.

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References

1971The Economic Implications of Learning by Doing 2005Market value and patent citations 1998Can Patents Deter Innovation? The Anticommons in Biomedical Research 1999Citation Frequency and the Value of Patented Inventions 2004Mapping the Two Faces of R&D: Productivity Growth in a Panel of OECD Industries 1991Standing on the Shoulders of Giants: Cumulative Research and the Patent Law 2003The product market and the market for “ideas”: commercialization strategies for technology entrepreneurs 1981Market value, R&D, and patents

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2017Unravelling appropriability mechanisms and openness depth effects on firm performance across stages in the innovation process 2011The vulnerability of patent value determinants 2018Geographic dispersion and co-location in global R&D portfolios: Consequences for firm performance 2010Harmonizing and Combining Large Datasets - An Application to Firm-Level Patent and Accounting Data 2007Intellectual property: the assessment

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