Is Silence Golden? Patents Versus Secrecy At The Firm Level
AbstractIn the 1990s, patenting schemes changed in many respects: Upcoming new technologies accelerated the shift from price competition towards competition based on technical inventions, a worldwide surge in patenting took place, and the 'patent thicket' arose as a consequence of strategic patenting. This study analyzes the importance of patenting versus secrecy as an effective alternative to protect intellectual property (IP) in the inventions' market phase. The sales figure with new products is introduced as a new measure of the importance of IP protection tools among product innovating firms. Focusing on German manufacturing in 2000, it turns out that patents are an effective means to protect IP in the market, whereas secrecy seems to be rather important for inventions that are not yet commercialized.
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Bibliographic InfoArticle provided by Taylor & Francis Journals in its journal Economics of Innovation and New Technology.
Volume (Year): 15 (2006)
Issue (Month): 8 ()
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Other versions of this item:
- Hussinger, Katrin, 2005. "Is Silence Golden? Patents versus Secrecy at the Firm Level," Discussion Paper Series of SFB/TR 15 Governance and the Efficiency of Economic Systems 37, Free University of Berlin, Humboldt University of Berlin, University of Bonn, University of Mannheim, University of Munich.
- Hussinger, Katrin, 2004. "Is Silence Golden? Patents versus Secrecy at the Firm Level," ZEW Discussion Papers 04-78, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
- O33 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Technological Change: Choices and Consequences; Diffusion Processes
- C35 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Discrete Regression and Qualitative Choice Models; Discrete Regressors; Proportions
- C34 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Truncated and Censored Models; Switching Regression Models
- O34 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
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