Patents, Innovation, and Market Entry

Dominik Jurek

Working Papers from U.S. Census Bureau, Center for Economic Studies

Abstract: Do patents facilitate market entry and job creation? Using a 2014 Supreme Court decision that limited patent eligibility and natural language processing methods to identify invalid patents, I find that large treated firms reduce job creation and create fewer new establishments in response, with no effect on new firm entry. Moreover, companies shift toward innovation aimed at improving existing products consistent with the view that patents incentivize creative destruction.

Keywords: intellectual property rights; creative destruction; entry; job creation; Alice decision; natural language processing (search for similar items in EconPapers)
Pages: 80 pages
Date: 2023-09
New Economics Papers: this item is included in nep-bec, nep-com, nep-ent, nep-ind, nep-ipr, nep-sbm, nep-tid and nep-ure
References: View complete reference list from CitEc
Citations:

Downloads: (external link)
https://www2.census.gov/library/working-papers/2023/adrm/ces/CES-WP-23-45.pdf First version, 2023 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:cen:wpaper:23-45

Access Statistics for this paper

More papers in Working Papers from U.S. Census Bureau, Center for Economic Studies Contact information at EDIRC.
Bibliographic data for series maintained by Dawn Anderson ().