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
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