Technological Leadership (de)Concentration: Causes in ICTE

Yasin Ozcan and Shane Greenstein

No 22631, NBER Working Papers from National Bureau of Economic Research, Inc

Abstract: Using patents as indicators of inventive activity, this article characterizes the concentration of origins of invention from 1976 to 2010, and how these changed over time. The analysis finds pervasive deconcentration in virtually every area related to ICT, but it can explain only a small part of this trend. Deconcentration happens despite the role of lateral entry by existing firms. New firm entry drives part of the deconcentration, but this alone cannot explain the change. A single supply factor in the market for ideas, such as the breakup of AT&T, also cannot explain the trend. Finally, eleven percent of patents change hands through mergers and acquisitions activity, but this does not make up for the declines in concentration in the origins of invention.

JEL-codes: G34 L96 O32 (search for similar items in EconPapers)
Date: 2016-09
New Economics Papers: this item is included in nep-sog
Note: IO PR
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