| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP13766 |
| DP13766 Standing on the shoulders of science | |
| Martin Watzinger; Joshua Krieger; Monika Schnitzer | |
| 发表日期 | 2019-06-21 |
| 出版年 | 2019 |
| 语种 | 英语 |
| 摘要 | Today's innovations rely on scientific discoveries of the past, yet only some corporate R&D builds directly on scientific output. We analyze U.S. patents to establish three new facts about the relationship between science and the value of inventions. First, we show that patents building directly on science are on average 26% more valuable than patents in the same technology that are disconnected from science. Patents closer to science are also more likely to be in the tails of the value distribution (i.e., greater risk and greater reward). Based on patent text analysis, we show second that patent novelty predicts their value. Third, we find that science-intensive patents are more novel. Overall, using science appears to help firms capture more value through relatively novel inventions. |
| 主题 | Financial Economics ; Industrial Organization |
| URL | https://cepr.org/publications/dp13766-0 |
| 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/542689 |
| 推荐引用方式 GB/T 7714 | Martin Watzinger,Joshua Krieger,Monika Schnitzer. DP13766 Standing on the shoulders of science. 2019. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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