The Resource Sequential innovation, patents, and imitation, James Bessen, Eric Maskin

Sequential innovation, patents, and imitation, James Bessen, Eric Maskin

Label
Sequential innovation, patents, and imitation
Title
Sequential innovation, patents, and imitation
Statement of responsibility
James Bessen, Eric Maskin
Creator
Contributor
Provider
Subject
Language
eng
Summary
How could such industries as software, semiconductors, and computers have been so innovative despite historically weak patent protection? We argue that if innovation is both sequential and complementary--as it certainly has been in those industries--competition can increase firms' future profits thus offsetting short-term dissipation of rents. A simple model also shows that in such a dynamic industry, patent protection may reduce overall innovation and social welfare. The natural experiment that occurred when patent protection was extended to software in the 1980's provides a test of this model. Standard arguments would predict that R&D intensity and productivity should have increased among patenting firms. Consistent with our model, however, these increases did not occur. Other evidence supporting our model includes a distinctive pattern of cross-licensing in these industries and a positive relationship between rates of innovation and firm entry. JEL Classification: O31, O34
Member of
Cataloging source
HNK
http://library.link/vocab/creatorName
Bessen, James
Illustrations
illustrations
Index
no index present
Literary form
non fiction
Nature of contents
  • bibliography
  • technical reports
http://library.link/vocab/relatedWorkOrContributorName
  • Massachusetts Institute of Technology
  • Internet Archive
  • Maskin, Eric
Series statement
Working paper / Dept. of Economics
Series volume
00-01
http://library.link/vocab/subjectName
  • Patents
  • Technological innovations
  • Research
  • Patents
  • Research
  • Technological innovations
Label
Sequential innovation, patents, and imitation, James Bessen, Eric Maskin
Instantiates
Publication
Note
  • Title from cover
  • "January 2000."; "11/99"--Abstract
Bibliography note
Includes bibliographical references (p. 26-28)
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
28 cm.
Extent
39 pages
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
Specific material designation
remote
System control number
  • (OCoLC)48021975
  • (OCoLC)ocm48021975
Label
Sequential innovation, patents, and imitation, James Bessen, Eric Maskin
Publication
Note
  • Title from cover
  • "January 2000."; "11/99"--Abstract
Bibliography note
Includes bibliographical references (p. 26-28)
Carrier category
volume
Carrier category code
nc
Carrier MARC source
rdacarrier
Content category
text
Content type code
txt
Content type MARC source
rdacontent
Dimensions
28 cm.
Extent
39 pages
Media category
unmediated
Media MARC source
rdamedia
Media type code
n
Other physical details
illustrations
Specific material designation
remote
System control number
  • (OCoLC)48021975
  • (OCoLC)ocm48021975

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