PATENTS AS NEGOTIATING ASSETS: PATENTING VERSUS SECRECY FOR STARTUPS

• 成果类型: Article
• 署名作者: Panagopoulos, Andreas; Park, In-Uck
• 署名单位: University of Crete; University of Bristol; Sungkyunkwan University (SKKU)
• 刊物名称: ECONOMIC JOURNAL
• ISSN/ISSBN: 0013-0133
• DOI: 10.1111/ecoj.12540
• 发表日期: 2018
• 页码: 2876-2894
• 关键词: INTELLECTUAL PROPERTY; INNOVATION

摘要

We analyse a sequential innovation model and show that relatively narrow patent rights can facilitate a market in which startups' patents are traded as negotiating assets. In this market, the trade of patents, on top of monopoly profits, conveys an extra surplus from the patents' capacity to affect future tech-transfer negotiations. This surplus, which stems from a patent's potential ability to exclude infringers and the corresponding enforcement spillovers that patents confer, may incentivise innovations that would not have been possible under trade secrecy, improving social welfare.