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Where is the entrepreneurship bang for the patenting buck? Utility versus design patents

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  • Rajeev K. Goel
  • James W. Saunoris

Abstract

This research contributes to the literature on entrepreneurship by studying whether design patents and utility patents have similar effects on entrepreneurial activity. Other contributions of this research include comparing the relative influences on startup versus established entrepreneurs and the effects of patents versus trademarks. Results, based on a panel of U.S. states, show that established entrepreneurs benefit from both types of patenting and from trademarks, whereas startup entrepreneurs significantly benefit from only design patents, and the effects of design patents and trademarks are opposite. These findings suggest that the entrepreneurship bang from the patenting buck might differ across patenting types.

Suggested Citation

  • Rajeev K. Goel & James W. Saunoris, 2020. "Where is the entrepreneurship bang for the patenting buck? Utility versus design patents," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(1), pages 25-35, January.
    • Handle: RePEc:wly:mgtdec:v:41:y:2020:i:1:p:25-35
    DOI: 10.1002/mde.3088
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    Cited by:

    1. Suominen, Arho & Deschryvere, Matthias & Narayan, Rumy, 2023. "Uncovering value through exploration of barriers - A perspective on intellectual property rights in a national innovation system," Technovation, Elsevier, vol. 123(C).
    2. Rajeev K. Goel & James W. Saunoris, 2020. "Does income inequality sand or grease the wheels of entrepreneurial activity? International evidence," Australian Economic Papers, Wiley Blackwell, vol. 59(2), pages 138-160, June.
    3. Rajeev K. Goel & James W. Saunoris, 2020. "Market exit of firms: Does corruption act as grease or sand?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(8), pages 1539-1548, December.
    4. Rajeev K. Goel & James W. Saunoris, 2020. "Design versus utility innovation: Is corruption sanding or greasing the wheels of innovation?," Managerial and Decision Economics, John Wiley & Sons, Ltd., vol. 41(5), pages 848-860, July.

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