The Dark Side of Patents: Effects of Strategic Patenting on Firms and Their Peers
Event details
| Date | 20.07.2020 |
| Hour | 17:00 |
| Speaker | Maria Kurakina (Berkeley Haas / University of Utah, David Eccles School of Business) |
| Location |
Zoom
|
| Category | Conferences - Seminars |
Maria Kurakina (Berkeley Haas / University of Utah, David Eccles School of Business)
"The Dark Side of Patents: Effects of Strategic Patenting on Firms and Their Peers" (video)
Discussant: Deepak Hegde (NYU Stern School of Business)
Abstract
This paper analyses the effect of strategic patenting on firm and competitor performance, productivity, innovative output and market concentration. Using a novel definition of strategic patenting, this paper finds a positive effect of strategic patenting on market concentration. The results for the patentee show a positive effect of profit growth, and positive but significantly smaller contribution of strategic patenting to total factor productivity compared to novel technological patents. In contrast, peers suffer from a decrease in total factor productivity, innovative output and both profit and sales growth following strategic patenting by the focal firm. These findings suggest a conflict between patent policies designed to promote innovation while still providing incentives for the firms to capture market share and defend monopolistic positions.
EPFL Virtual Innovation Seminar
EVIS is a bi-weekly virtual seminar series focusing on Science, Technology and Innovation topics studied through the lens of Economics, Entrepreneurship, Strategy and Finance.
"The Dark Side of Patents: Effects of Strategic Patenting on Firms and Their Peers" (video)
Discussant: Deepak Hegde (NYU Stern School of Business)
Abstract
This paper analyses the effect of strategic patenting on firm and competitor performance, productivity, innovative output and market concentration. Using a novel definition of strategic patenting, this paper finds a positive effect of strategic patenting on market concentration. The results for the patentee show a positive effect of profit growth, and positive but significantly smaller contribution of strategic patenting to total factor productivity compared to novel technological patents. In contrast, peers suffer from a decrease in total factor productivity, innovative output and both profit and sales growth following strategic patenting by the focal firm. These findings suggest a conflict between patent policies designed to promote innovation while still providing incentives for the firms to capture market share and defend monopolistic positions.
EPFL Virtual Innovation Seminar
EVIS is a bi-weekly virtual seminar series focusing on Science, Technology and Innovation topics studied through the lens of Economics, Entrepreneurship, Strategy and Finance.
Practical information
- General public
- Free