全球智库信息集成服务系统(G2TT): DP12102 The Diffusion of New Institutions: Evidence from Renaissance Venice's Patent System

G2TT

来源类型	Discussion paper
规范类型	论文
来源ID	DP12102
	DP12102 The Diffusion of New Institutions: Evidence from Renaissance Venice's Patent System
	Alberto Galasso; Stefano Comino; Clara Graziano
发表日期	2017-06-17
出版年	2017
语种	英语
摘要	What factors affect the diffusion of new economic institutions? This paper examines this question exploiting the introduction of the first regularized patent system which appeared in the Venetian Republic in 1474. We begin by developing a model which links patenting activity of craft guilds with provisions in their statutes. The model predicts that guild statutes that are more effective at preventing outsider's entry and at mitigating price competition lead to less patenting. We test this prediction on a new dataset which combines detailed information on craft guilds and patents in the Venetian Republic during the Renaissance. We find a negative association between patenting activity and guild statutory norms which strongly restrict entry and price competition. We show that guilds which originated from medieval religious confraternities were more likely to regulate entry and competition, and that the effect on patenting is robust to instrumenting guild statutes with their quasi-exogenous religious origin. We also find that patenting was more widespread among guilds geographically distant from Venice, and among guilds in cities with lower political connection which we measure exploiting a new database on noble families and their marriages with members of the great council. Our analysis suggests that local economic and political conditions may have a substantial impact on the diffusion of new economic institutions.
主题	Economic History ; Industrial Organization
关键词	Patents Competition Guilds Institutions
URL	https://cepr.org/publications/dp12102
来源智库	Centre for Economic Policy Research (United Kingdom)
资源类型	智库出版物
条目标识符	http://119.78.100.153/handle/2XGU8XDN/540914
推荐引用方式 GB/T 7714	Alberto Galasso,Stefano Comino,Clara Graziano. DP12102 The Diffusion of New Institutions: Evidence from Renaissance Venice's Patent System. 2017.