MTEI Seminar by Dr. Gaétan de Rassenfosse, University of Melbourne
Event details
| Date | 24.09.2013 |
| Hour | 10:30 › 12:00 |
| Speaker | Dr. Gaétan de Rassenfosse, University of Melbourne |
| Location | |
| Category | Conferences - Seminars |
"Why do patents facilitate trade in technology? Testing the appropriation and disclosure effects"
Abstract:
Patents have been shown to facilitate technology transactions. However, the reasons for the effect are unclear. Patents may assist trade in technology either by protecting buyers against the expropriation of the idea by third parties (appropriation effect) or by enabling sellers to more frankly disclose the idea during the negotiation phase (disclosure effect). We test for the presence of both these effects using quasi-experimental matching analysis on a novel dataset of 860 technology transaction negotiations. We find evidence for the appropriation but not the disclosure effect: technology transaction negotiations involving a granted patent instead of a pending patent (our test for the appropriation effect) are approximately 20 per cent more likely to be successfully completed. In addition, we find that the effect is greater in fields where patent protection is ‘known’ to be more effective.
Abstract:
Patents have been shown to facilitate technology transactions. However, the reasons for the effect are unclear. Patents may assist trade in technology either by protecting buyers against the expropriation of the idea by third parties (appropriation effect) or by enabling sellers to more frankly disclose the idea during the negotiation phase (disclosure effect). We test for the presence of both these effects using quasi-experimental matching analysis on a novel dataset of 860 technology transaction negotiations. We find evidence for the appropriation but not the disclosure effect: technology transaction negotiations involving a granted patent instead of a pending patent (our test for the appropriation effect) are approximately 20 per cent more likely to be successfully completed. In addition, we find that the effect is greater in fields where patent protection is ‘known’ to be more effective.
Practical information
- General public
- Free