The (Anti-)Competitive Effect of Intellectual Property Rights

Martin Wörter (), Michael Peneder and Mark Thompson ()
Additional contact information
Martin Wörter: KOF Swiss Economic Institute, ETH Zurich, Switzerland
Mark Thompson: Austrian Institute of Technology, Vienna, Austria, https://www.ait.ac.at/
Authors registered in the RePEc Author Service: Martin Woerter

No 19-454, KOF Working papers from KOF Swiss Economic Institute, ETH Zurich

Abstract: We test whether intellectual property rights (IPRs) foster or hinder innovation by estimating IV structural equations for a large sample of Swiss firms. We find that better appropriability conditions at the industry level raise the number of competitors. However, conditional on the given industry structure, individual firms face fewer competitors, if they actually use IPRs. The further impact of fewer competitors is to raise R&D, when initial competition is strong, but to reduce it, when initial competition is weak (“inverted U†).

Keywords: patents; innovation; competition; simultaneous system (search for similar items in EconPapers)
JEL-codes: D22 O31 O32 O34 (search for similar items in EconPapers)
Pages: 9 pages
Date: 2019-03
New Economics Papers: this item is included in nep-com, nep-ino, nep-ipr and nep-knm
References: View references in EconPapers View complete reference list from CitEc
Citations: View citations in EconPapers (1)

Downloads: (external link)
https://doi.org/10.3929/ethz-b-000334871 (application/pdf)

Related works:
Working Paper: The (Anti-)Competitive Effect of Intellectual Property Rights (2019)
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:kof:wpskof:19-454

Access Statistics for this paper

More papers in KOF Working papers from KOF Swiss Economic Institute, ETH Zurich Contact information at EDIRC.
Bibliographic data for series maintained by ().