文章基本信息

标题：Patents, Spillovers, and Competition in Biotechnology
本地全文：下载
作者：Austin, David H.
期刊名称：Journal of Food Distribution Research
印刷版ISSN：0047-245X
出版年度：2000
期号：SUPPL
出版社：Food Distribution Research Society
摘要：I perform an event study on 600+ patents awarded primarily to 20 leading biotechnology firmsand find significant changes in market values at the time of the awards. Adjusting for partial anticipationof events, I estimate that core technology patents in highly contested research areas are expected togenerate between $13 and $21 million of economic value. They also generate spillover benefits for thepatentee's rivals—presumably including knowledge transfers—valued at $3 to $6 million per firm.Awardees may appropriate only half of private benefits, although I observe negative spillovers for somehigh-profile awards. Most patents have no significant market impact.
关键词：innovation; patent value; spillover; competition; event study