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Intellectual Property Protection and Firm Innovation

Author

Listed:
  • Liad Wagman

    () (Illinois Institute of Technology)

  • Yoni Pruzansky

    () (Illinois Institute of Technology)

Abstract

This paper studies the question of whether and how an employee innovator should commercialize an innovation, when doing so within the firm is less costly than pursuing an outside venture, but risks expropriation by the firm. We show that a weaker chance of expropriation, interpreted as the firm`s ability to protect internally developed intellectual property, can facilitate commercialization of innovations.

Suggested Citation

  • Liad Wagman & Yoni Pruzansky, 2011. "Intellectual Property Protection and Firm Innovation," Economics Bulletin, AccessEcon, vol. 31(4), pages 2922-2932.
  • Handle: RePEc:ebl:ecbull:eb-11-00570
    as

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    File URL: http://www.accessecon.com/Pubs/EB/2011/Volume31/EB-11-V31-I4-P264.pdf
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    References listed on IDEAS

    as
    1. Sakakibara, Mariko & Branstetter, Lee, 2001. "Do Stronger Patents Induce More Innovation? Evidence from the 1988 Japanese Patent Law Reforms," RAND Journal of Economics, The RAND Corporation, vol. 32(1), pages 77-100, Spring.
    2. Gil Avnimelech & Morris Teubal, 2004. "Venture capital start-up co-evolution and the emergence & development of Israel's new high tech cluster," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 13(1), pages 33-60.
    3. Anton, James J & Yao, Dennis A, 1995. "Start-ups, Spin-offs, and Internal Projects," Journal of Law, Economics, and Organization, Oxford University Press, vol. 11(2), pages 362-378, October.
    4. Hall, Bronwyn H & Ziedonis, Rosemarie Ham, 2001. "The Patent Paradox Revisited: An Empirical Study of Patenting in the U.S. Semiconductor Industry, 1979-1995," RAND Journal of Economics, The RAND Corporation, vol. 32(1), pages 101-128, Spring.
    Full references (including those not matched with items on IDEAS)

    More about this item

    Keywords

    Innovation; Intellectual Property Protection; Imperfect Enforcement;

    JEL classification:

    • L0 - Industrial Organization - - General
    • L1 - Industrial Organization - - Market Structure, Firm Strategy, and Market Performance

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