Arbeitspapier
Patent protection, market uncertainty, and R&D investment
The real options investment theory shows that greater uncertainty about market revenues reduces current R&D investment by increasing the value of waiting. This paper presents empirical evidence that patent protection mitigates the effect market uncertainty on R&D investment.
- Language
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Englisch
- Bibliographic citation
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Series: ZEW Discussion Papers ; No. 06-056
- Classification
-
Wirtschaft
Technological Change: Choices and Consequences; Diffusion Processes
Innovation and Invention: Processes and Incentives
Single Equation Models; Single Variables: Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions; Probabilities
- Subject
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Real Options Theory
Uncertainty
R&D
Intellectual Property Protection
Censored Regression
- Event
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Geistige Schöpfung
- (who)
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Czarnitzki, Dirk
Toole, Andrew A.
- Event
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Veröffentlichung
- (who)
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Zentrum für Europäische Wirtschaftsforschung (ZEW)
- (where)
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Mannheim
- (when)
-
2006
- Handle
- Last update
-
10.03.2025, 11:44 AM CET
Data provider
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ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
Object type
- Arbeitspapier
Associated
- Czarnitzki, Dirk
- Toole, Andrew A.
- Zentrum für Europäische Wirtschaftsforschung (ZEW)
Time of origin
- 2006
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The Link Between R&D Subsidies, R&D Spending and Technological Performance
Do direct R&D subsidies lead to the monopolization of R&D in the economy?
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Evaluation of public R&D policies: A cross-country comparison
Collaborative R&D as a strategy to attenuate financing constraints
R&D policies for young SMEs: Input and output effects
Patent Protection, Market Uncertainty, and R&D Investment
The R&D Investment-Uncertainty Relationship: Do Competition and Firm Size Matter?
Business R&D and the Interplay of R&D Subsidies and Market Uncertainty
Financial Constraints: Routine Versus Cutting Edge R&D Investment
Estimating the Local Average Treatment Effect of R&D Subsidies in a Virtual Common Pot
R&D Investment and Financing Constraints of Small and Medium-Sized Firm
The Link Between R&D Subsidies, R&D Spending and Technological Performance
Do direct R&D subsidies lead to the monopolization of R&D in the economy?
R&D and Firm Performance in a Transition Economy
Evaluation of public R&D policies: A cross-country comparison
Collaborative R&D as a strategy to attenuate financing constraints