Patents, competition and firms’ innovation incentives
In this paper we analyze how industrial property rights (IPRs), measured by patents granted, affect competition at the industry level, and their induced effects on firms’ innovation incentives. We use for that purpose a panel dataset of Spanish manufacturing firms for the period 1990-2006. Using indicators of fundamentals of competitive pressure and factor analysis techniques, we construct a new synthetic measure of competition. Our results indicate that although the use of IPRs (in terms of industry patenting intensity) reduces market competition, it may also encourage firms’ innovation incentives (in terms of firms’ R&D expenditures and the number of product innovations).
|Date of creation:||Jul 2012|
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- Wörter, Martin & Rammer, Christian & Arvanitis, Spyros, 2010.
"Innovation, competition and incentives for R&D,"
ZEW Discussion Papers
10-039, ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research.
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- Howitt, Peter & Griffith, Rachel & Aghion, Philippe & Blundell, Richard & Bloom, Nick, 2005. "Competition and Innovation: An Inverted-U Relationship," Scholarly Articles 4481507, Harvard University Department of Economics.
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- Christian Helmers & Mark Rogers, 2009. "Patents, Entrepreneurship and Performance," Global COE Hi-Stat Discussion Paper Series gd09-095, Institute of Economic Research, Hitotsubashi University.
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