Seminar by Prof. Ivan Png, National Unversity of Singapore
Event details
| Date | 05.10.2017 |
| Hour | 12:00 › 13:30 |
| Speaker | Prof. Ivan Png, National Unversity of Singapore |
| Location | |
| Category | Conferences - Seminars |
"R&D Contracting and Appropriability: Evidence from the U.S. Court of Appeals for the Federal Circuit "
Abstract
Developers of technology can perform R&D for themselves and then commercialize technology or they can perform R&D for others (contract R&D). Technology is non-rival and non-excludable, and so, difficult to contract on. Stronger patent law increases appropriability, which supports commercialization through sale of product, or licensing or sale of technology. Exploiting differences in the increase in patent validity across states due to the U.S. Court of Appeals for the Federal Circuit, we find that the CAFC was associated with 2.2 percent less contract R&D. We interpret this as the CAFC leading companies to perform more R&D for self-commercialization. The effect was stronger in industries where patents are reported to be more effective in appropriation, in larger and more diversified companies, and in companies with larger complementary assets in manufacturing or advertising.
Abstract
Developers of technology can perform R&D for themselves and then commercialize technology or they can perform R&D for others (contract R&D). Technology is non-rival and non-excludable, and so, difficult to contract on. Stronger patent law increases appropriability, which supports commercialization through sale of product, or licensing or sale of technology. Exploiting differences in the increase in patent validity across states due to the U.S. Court of Appeals for the Federal Circuit, we find that the CAFC was associated with 2.2 percent less contract R&D. We interpret this as the CAFC leading companies to perform more R&D for self-commercialization. The effect was stronger in industries where patents are reported to be more effective in appropriation, in larger and more diversified companies, and in companies with larger complementary assets in manufacturing or advertising.
Practical information
- General public
- Free