The (anti-)competitive effect of intellectual property rights

Arbeitspapier

We test whether intellectual property rights foster or hinder innovation by estimating IV structural equations for a large sample of Swiss firms. We find that better appropriability conditions at the industry level raise the number of competitors. However, conditional on the given industry structure, individual firms face fewer competitors, if they actually use intellectual property rights. The further impact of fewer competitors is to raise R&D, when initial competition is strong, but to reduce it, when initial competition is weak ("inverted U").

Object Details

• Language: Englisch

References and Relationships

• Bibliographic citation: Series: WIFO Working Papers ; No. 577

Classification and Topics

• Classification: Wirtschaft ; Innovation and Invention: Processes and Incentives ; Management of Technological Innovation and R&D ; Intellectual Property and Intellectual Capital ; Firm Behavior: Empirical Analysis
• Subject: patents ; innovation ; competition ; simultaneous system

Contributors, Places and Time

• Event: Geistige Schöpfung
• (who): Peneder, Michael ; Thompson, Mark ; Wörter, Martin
• Event: Veröffentlichung
• (who): Austrian Institute of Economic Research (WIFO)
• (where): Vienna
• (when): 2019

Further information

• Handle: http://hdl.handle.net/10419/207150
• Last update: 10.03.2025, 11:42 AM CET