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Does Compulsory Licensing Discourage Invention? Evidence From German Patents After WWI / Joerg Baten, Nicola Bianchi, Petra Moser.
- Format:
- Book
- Author/Creator:
- Baten, Joerg.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w21442.
- NBER working paper series no. w21442
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2015.
- Summary:
- This paper investigates whether compulsory licensing - which allows governments to license patents without the consent of patent-owners - discourages invention. Our analysis exploits new historical data on German patents to examine the effects of compulsory licensing under the US Trading-with-the-Enemy Act on invention in Germany. We find that compulsory licensing was associated with a 28 percent increase in invention. Historical evidence indicates that, as a result of war-related demands, fields with licensing were negatively selected, so OLS estimates may underestimate the positive effects of compulsory licensing on future inventions.
- Notes:
- Print version record
- July 2015.
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