Intellectual Property Rights and Innovation: Evidence from the Human Genome
Do intellectual property (IP) rights on existing technologies hinder subsequent innovation? Using newly collected data on the sequencing of the human genome by the public Human Genome Project and the private firm Celera, this paper estimates the impact of Celera's gene-level IP on subsequent innovation. Across a range of empirical specifications, I document evidence that Celera's IP led to reductions in subsequent scientific research and product development on the order of 20-30 percent. These results suggest that Celera's short-term IP had persistent negative effects on subsequent innovation relative to a counterfactual of Celera genes having always been in the public domain.
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Volume (Year): 121 (2013)
Issue (Month): 1 ()
Pages: 1-27
| Handle: | RePEc:ucp:jpolec:doi:10.1086/669706 |
| Contact details of provider: | Web page: http://www.journals.uchicago.edu/JPE/
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- Philippe Aghion & Mathias Dewatripont & Jeremy C. Stein, 2008.
"Academic freedom, private-sector focus, and the process of innovation,"
RAND Journal of Economics,
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- Philippe Aghion & Mathias Dewatripont & Jeremy C. Stein, 2005. "Academic Freedom, Private-Sector Focus, and the Process of Innovation," NBER Working Papers 11542, National Bureau of Economic Research, Inc.
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- Jaffe, A.B. & Trajtenberg, M., 1992. "Geographic Localization of Knowledge Spillovers as Evidenced by Patent Citations," Papers 14-92, Tel Aviv.
- Bessen, James, 2004. "Holdup and licensing of cumulative innovations with private information," Economics Letters, Elsevier, vol. 82(3), pages 321-326, March. Full references (including those not matched with items on IDEAS)
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