Arbeitspapier
Appropriability, patents, and rates of innovation in complex products industries
The economic theory of intellectual property rights is based on a rather narrow view of both competition and technological knowledge. We suggest some ways of enriching this framework with a more empirically grounded view of both and, by means of a simulation model, we analyze the impact of different property right regimes on the dynamics of a complex product industry, that is an industry where products are complex multi-component objects and competition takes place mainly through differentiation and component innovation. We show that, as the complexity of the product spaces increases, stronger patent regimes yield lower rates of innovation, lower product quality and lower consumers' welfare.
- Language
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Englisch
- Bibliographic citation
-
Series: LEM Working Paper Series ; No. 2009/05
- Classification
-
Wirtschaft
Innovation and Invention: Processes and Incentives
Intellectual Property and Intellectual Capital
Production, Pricing, and Market Structure; Size Distribution of Firms
- Subject
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patents
appropriability of innovation
complex product industries
industrial dynamics
- Event
-
Geistige Schöpfung
- (who)
-
Marengo, Luigi
Pasquali, Corrado
Valente, Marco
Dosi, Giovanni
- Event
-
Veröffentlichung
- (who)
-
Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)
- (where)
-
Pisa
- (when)
-
2009
- Handle
- Last update
-
10.03.2025, 11:41 AM CET
Data provider
This object is provided by:
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. If you have any questions about the object, please contact the data provider.
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
- Marengo, Luigi
- Pasquali, Corrado
- Valente, Marco
- Dosi, Giovanni
- Scuola Superiore Sant'Anna, Laboratory of Economics and Management (LEM)
Time of origin
- 2009
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