Patent Strength and Diminishing Knowledge Spill-Overs: The Quest for the Optimal Patent

Andreas Panagopoulos ()

Chapter 10 in Knowledge Matters, 2008, pp 203-219 from Palgrave Macmillan

Abstract: Abstract Popular perception views an innovator as operating alone in the monastic solitude of her garage. This view, with notable exceptions, could not be further from reality, as innovations are seldom born in a vacuum. By contrast, clusters and networks of innovative activity are the breading grounds of innovations, a sine qua non, without which new ideas cannot find the nourishment they need, especially in their first stages. This is because no matter how brilliant an innovator is, standing on the shoulders of giants always enhances her viewpoint and ability to move beyond the state of the art. Metaphors aside, clusters and networks provide support to an innovator because they allow her to function having the benefit of knowing what others have already accomplished, through what is commonly known as knowledge spill-overs. Such spill-overs take various forms, word of mouth or academic journals being possible candidates.

Keywords: Consumption Good; Patent Protection; Expected Revenue; Innovative Output; Output Growth Rate (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-58226-2_10

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DOI: 10.1057/9780230582262_10

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