Abstract
We examine the implications of pre-grant publication (PP) of patent applications in the context of a cumulative innovation model. We show that PP leads to fewer applications and fewer inventions, but it may raise the probability that new technologies will reach the product market and thereby enhances consumer surplus and possibly total welfare as well.
Original language | English |
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Pages (from-to) | 333-345 |
Number of pages | 13 |
Journal | International Journal of Industrial Organization |
Volume | 27 |
Issue number | 3 |
DOIs | |
Publication status | Published - May 2009 |
Externally published | Yes |
All Science Journal Classification (ASJC) codes
- Industrial relations
- Aerospace Engineering
- Economics and Econometrics
- Economics, Econometrics and Finance (miscellaneous)
- Strategy and Management
- Industrial and Manufacturing Engineering