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The (Anti-)Competitive Effect of Intellectual Property Rights

Michael Peneder (), Mark Thompson and Martin Wörter
Authors registered in the RePEc Author Service: Martin Woerter ()

No 577, WIFO Working Papers from WIFO

Abstract: We test whether intellectual property rights 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 intellectual property rights. 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)
Pages: 11 pages
Date: 2019-03-27
New Economics Papers: this item is included in nep-com, nep-ino, nep-ipr, nep-knm, nep-sbm and nep-tid
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