| 来源类型 | Working Paper |
| 规范类型 | 报告 |
| DOI | 10.3386/w23268 |
| 来源ID | Working Paper 23268 |
| What is a Patent Worth? Evidence from the U.S. Patent \u201cLottery\u201d | |
| Joan Farre-Mensa; Deepak Hegde; Alexander Ljungqvist | |
| 发表日期 | 2017-03-27 |
| 出版年 | 2017 |
| 语种 | 英语 |
| 摘要 | We provide evidence on the value of patents to startups by leveraging the quasi-random assignment of applications to examiners with different propensities to grant patents. Using unique data on all first-time applications filed at the U.S. Patent Office since 2001, we find that startups that win the patent “lottery” by drawing lenient examiners have, on average, 55% higher employment growth and 80% higher sales growth five years later. Patent winners also pursue more, and higher quality, follow-on innovation. Winning a first patent boosts a startup’s subsequent growth and innovation by facilitating access to funding from VCs, banks, and public investors. |
| 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/w23268 |
| 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/580942 |
| 推荐引用方式 GB/T 7714 | Joan Farre-Mensa,Deepak Hegde,Alexander Ljungqvist. What is a Patent Worth? Evidence from the U.S. Patent \u201cLottery\u201d. 2017. |
| 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 | ||
| w23268.pdf（450KB） | 智库出版物 | 限制开放 | CC BY-NC-SA | 浏览 | ||
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