| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w21959 |
| 来源ID | Working Paper 21959 |
| The Bright Side of Patents | |
| Joan Farre-Mensa; Deepak Hegde; Alexander Ljungqvist | |
| 发表日期 | 2016-02-08 |
| 出版年 | 2016 |
| 语种 | 英语 |
| 摘要 | Motivated by concerns that the patent system is hindering innovation, particularly for small inventors, this study investigates the bright side of patents. We examine whether patents help startups grow and succeed using detailed micro data on all patent applications filed by startups at the U.S. Patent and Trademark Office (USPTO) since 2001 and approved or rejected before 2014. We leverage the fact that patent applications are assigned quasi-randomly to USPTO examiners and instrument for the probability that an application is approved with individual examiners’ historical approval rates. We find that patent approvals help startups create jobs, grow their sales, innovate, and reward their investors. Exogenous delays in the patent examination process significantly reduce firm growth, job creation, and innovation, even when a firm’s patent application is eventually approved. Our results suggest that patents act as a catalyst that sets startups on a growth path by facilitating their access to capital. Proposals for patent reform should consider these benefits of patents alongside their potential costs. |
| 主题 | Microeconomics ; Households and Firms ; Financial Economics ; Financial Institutions ; Industrial Organization ; Firm Behavior ; Development and Growth ; Innovation and R& ; D |
| URL | https://www.nber.org/papers/w21959 |
| 来源智库 | National Bureau of Economic Research (United States) |
| 引用统计 | |
| 资源类型 | 智库出版物 |
| 条目标识符 | http://119.78.100.153/handle/2XGU8XDN/579633 |
| 推荐引用方式 GB/T 7714 | Joan Farre-Mensa,Deepak Hegde,Alexander Ljungqvist. The Bright Side of Patents. 2016. |
| 条目包含的文件 | ||||||
| 文件名称/大小 | 资源类型 | 版本类型 | 开放类型 | 使用许可 | ||
| w21959.pdf（406KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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