Public Disclosure of Patent Applications, R & D, and Welfare
Reiko Aoki and
Additional contact information
Yossef Spiegel: Northwestern University
No 1273, Econometric Society World Congress 2000 Contributed Papers from Econometric Society
In this paper we examine the consequences of this difference for (i) firm's R&D and patenting behavior, (ii) consumers' surplus and social welfare, and (iii) the incentives of firms to innovate, in a setting where patent protection is imperfect in the sense that patent applications may be rejected and patents are not always upheld in court. We show that public disclosure of patent applications leads to fewer applications and fewer innovations, but for a given number of innovations, it raises the probability that new technologies will reach the product market and thereby enhances consumers' surplus and possibly total welfare as well.
References: View references in EconPapers View complete reference list from CitEc
Citations View citations in EconPapers (2) Track citations by RSS feed
Downloads: (external link)
http://fmwww.bc.edu/RePEc/es2000/1273.pdf main text (application/pdf)
Working Paper: Public Disclosure of Patent Applications, R&D, and Welfare (1998)
This item may be available elsewhere in EconPapers: Search for items with the same title.
Export reference: BibTeX
RIS (EndNote, ProCite, RefMan)
Persistent link: http://EconPapers.repec.org/RePEc:ecm:wc2000:1273
Access Statistics for this paper
More papers in Econometric Society World Congress 2000 Contributed Papers from Econometric Society
Contact information at EDIRC.
Series data maintained by Christopher F. Baum ().