| 来源类型 | Discussion paper |
| 规范类型 | 论文 |
| 来源ID | DP14692 |
| DP14692 Patents to Products: Product Innovation and Firm Dynamics | |
| David Argente; Salome Baslandze; Douglas Hanley; Sara Moreira | |
| 发表日期 | 2020-05-01 |
| 出版年 | 2020 |
| 语种 | 英语 |
| 摘要 | We study the relationship between patents and actual product innovation in the market, and how this relationship varies with firms' market share. We use textual analysis to create a new data set that links patents to products of firms in the consumer goods sector. We find that patent filings are positively associated with subsequent product innovation by firms, but at least half of product innovation and growth comes from firms that never patent. We also find that market leaders use patents differently from followers. Market leaders have lower product innovation rates, though they rely on patents more. Patents of market leaders relate to higher future sales above and beyond their effect on product innovation, and these patents are associated with declining product introduction on the part of competitors, which is consistent with the notion that market leaders use their patents to limit competition. We then use a model to analyze the firms' patenting and product innovation decisions. We show that the private value of a patent is particularly high for large firms as patents protect large market shares of existing products. |
| 主题 | Macroeconomics and Growth |
| 关键词 | Innovation Patents Creative destruction Growth Productivity Patent value |
| URL | https://cepr.org/publications/dp14692 |
| 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/543609 |
| 推荐引用方式 GB/T 7714 | David Argente,Salome Baslandze,Douglas Hanley,et al. DP14692 Patents to Products: Product Innovation and Firm Dynamics. 2020. |
| 条目包含的文件 | 条目无相关文件。 | |||||
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