| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13620 |
| DP13620 The Patent Troll: Benign Middleman or Stick-Up Artist? | |
| David Abrams; Ufuk Akcigit; Gokhan Oz; Jeremy Pearce | |
| 发表日期 | 2019-03-25 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | How do non-practicing entities ("Patent Trolls") impact innovation and technological progress? Although this question has important implications for industrial policy, little direct evidence about it exists. This paper provides new theoretical and empirical evidence to fill that gap. In the process, we inform a debate that has historically portrayed non-practicing entities (NPEs) as either "benign middlemen", who help to reallocate IP to where it is most productive, or "stick-up artists", who exploit the patent system to extract rents and thereby hurt innovation. We employ unprecedented access to NPE-derived patent and financial data, as well as a novel model that guides our data analysis. We find that NPEs acquire patents from small firms and those that are more litigation-prone, as well as ones that are not core to the seller's business. When NPEs license patents, those that generate higher fees are closer to the licensee's business and more likely to be litigated. We also find that downstream innovation drops in fields where patents have been acquired by NPEs. Finally, our numerical analysis shows that the existence of NPEs encourages upstream innovation and discourages downstream innovation. The overall impact of NPEs depends on the share of patent infringements that come from non-innovating producers. Our results provide some support for both views of NPEs and suggests that a more nuanced perspective on NPEs and additional empirical work are needed to make informed policy decisions. |
| 主题 | Industrial Organization ; Macroeconomics and Growth |
| 关键词 | Non-practicing entity Npe Patent assertion entity Pae Patent troll Innovation Patent litigation |
| URL | https://cepr.org/publications/dp13620 |
| 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/542478 |
| 推荐引用方式 GB/T 7714 | David Abrams,Ufuk Akcigit,Gokhan Oz,et al. DP13620 The Patent Troll: Benign Middleman or Stick-Up Artist?. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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