R&D and the Patent Premium / Ashish Arora, Marco Ceccagnoli, Wesley M. Cohen.

Format:

Book

Author/Creator:

Arora, Ashish.

Contributor:

National Bureau of Economic Research.

Ceccagnoli, Marco.

Cohen, Wesley M.

Series:

Working Paper Series (National Bureau of Economic Research) no. w9431.

NBER working paper series no. w9431

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2003.

Summary:

We analyze the effect of patenting on R&D with a model linking a firm's R&D effort with its decision to patent, recognizing that R&D and patenting affect one another and are both driven by many of the same factors. Using survey data for the U.S. manufacturing sector, we estimate the increment to the value of an innovation realized by patenting it, and then analyze the effect on R&D of changing that premium. Although patent protection is found to provide a positive premium on average in only a few industries, our results also imply that it stimulates R&D across almost all manufacturing industries, with the magnitude of that effect varying substantially.

Notes:

Print version record

January 2003.