EconPapers    
Economics at your fingertips  
 

The Utility Standard and the Patentability of Intermediate Technology

Reiko Aoki and Sadao Nagaoka

No a437, Discussion Paper Series from Institute of Economic Research, Hitotsubashi University

Abstract: We explore the consequences of the utility requirement on speed of innovation, welfare and public policy. A weak utility requirement means that an intermediate technology with no immediate application or commercial value is patentable. Using a model of two stage innovation with free entry and trade secrecy, we identify cases when patentability is beneficial to society. Although a firm may undertake basic research protected by trade secrecy, patentability is still desirable when spillover is high and innovation costs are high. However, patentability becomes less desirable as basic research costs decrease. We also show that high value of final technology by itself does not favor non-patentability and identify condition when it does.

New Economics Papers: this item is included in nep-com and nep-mic
Date: 2003-04
Note: Bibliography: p. 21-22
References: Add references at CitEc
Citations: View citations in EconPapers (3) Track citations by RSS feed

Downloads: (external link)
http://hermes-ir.lib.hit-u.ac.jp/rs/bitstream/10086/13806/1/DP437.pdf

Related works:
Working Paper: The Utility Standard and the Patentability of Intermediate Technology (2005) Downloads
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:hit:hituec:a437

Access Statistics for this paper

More papers in Discussion Paper Series from Institute of Economic Research, Hitotsubashi University Contact information at EDIRC.
Bibliographic data for series maintained by Hiromichi Miyake ().

 
Page updated 2019-12-25
Handle: RePEc:hit:hituec:a437