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The Value of Intellectual Property Rights to Firms

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  • Christine Greenhalgh
  • Mark Rogers

Abstract

Economists view intellectual property rights (IPRs) as policy tools for encouraging innovation. There are many types of IPRs and of institutions concerned with their administration. We begin by outlining how these complex and varied rights are supposed to work and how they interact with other characteristics of firms and markets. We then survey the available literature on patents, trade marks and copyright to assess the value of these IPRs to firms and the costs to firms of acquiring and defending their rights. The paper concludes with suggestions for topics requiring further research to better inform public policy in this field.

Suggested Citation

  • Christine Greenhalgh & Mark Rogers, 2007. "The Value of Intellectual Property Rights to Firms," Economics Series Working Papers 319, University of Oxford, Department of Economics.
  • Handle: RePEc:oxf:wpaper:319
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    File URL: http://www.economics.ox.ac.uk/materials/working_papers/paper319.pdf
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    References listed on IDEAS

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    Citations

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    Cited by:

    1. Nicolas van Zeebroeck & Bruno van Pottelsberghe de la Potterie, 2011. "The vulnerability of patent value determinants," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(3), pages 283-308.
    2. Nicolas van Zeebroeck & Bruno van Pottelsberghe de la Potterie, 2011. "Filing strategies and patent value," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(6), pages 539-561, February.
    3. Antoine Dechezleprêtre & Yann Ménière & Myra Mohnen, 2017. "International patent families: from application strategies to statistical indicators," Scientometrics, Springer;Akadémiai Kiadó, vol. 111(2), pages 793-828, May.
    4. Ruth Towse, 2010. "Creativity, Copyright and the Creative Industries Paradigm," Kyklos, Wiley Blackwell, vol. 63(3), pages 461-478, August.
    5. Nicolas van Zeebroeck, 2011. "The puzzle of patent value indicators," Economics of Innovation and New Technology, Taylor & Francis Journals, vol. 20(1), pages 33-62.
    6. repec:spr:epolin:v:44:y:2017:i:2:d:10.1007_s40812-016-0058-1 is not listed on IDEAS
    7. Fabio Montobbio & Ilaria Solito, 2015. "Does EMAS foster innovation in European firms? An empirical investigation," SEEDS Working Papers 1615, SEEDS, Sustainability Environmental Economics and Dynamics Studies, revised Sep 2015.
    8. Nicolas van Zeebroeck, 2007. "Patents only live twice: a patent survival analysis in Europe," Working Papers CEB 07-028.RS, ULB -- Universite Libre de Bruxelles.
    9. Grid Thoma & Salvatore Torrisi & Alfonso Gambardella & Dominique Guellec & Bronwyn H. Hall & Dietmar Harhoff, 2010. "Harmonizing and Combining Large Datasets - An Application to Firm-Level Patent and Accounting Data," NBER Working Papers 15851, National Bureau of Economic Research, Inc.
    10. Rockett, Katharine, 2010. "Property Rights and Invention," Handbook of the Economics of Innovation, Elsevier.
    11. repec:ebl:ecbull:v:15:y:2008:i:20:p:1-15 is not listed on IDEAS
    12. Daniel Nepelski & Giuditta De Prato, 2012. "Does the Patent Cooperation Treaty work? A global analysis of patent applications by non-residents," JRC Working Papers JRC79541, Joint Research Centre (Seville site), revised Nov 2012.
    13. Pilar Beneito & María Engracia Rochina-Barrachina & Amparo Sanchis, 2014. "Patents, Competition, and Firms' Innovation Incentives," Industry and Innovation, Taylor & Francis Journals, vol. 21(4), pages 285-309, May.
    14. Giuditta De Prato & Daniel Nepelski, 2012. "International patenting strategies in ICT," JRC Working Papers JRC79479, Joint Research Centre (Seville site), revised Nov 2012.
    15. repec:eee:tefoso:v:120:y:2017:i:c:p:252-260 is not listed on IDEAS
    16. repec:eee:respol:v:47:y:2018:i:7:p:1243-1255 is not listed on IDEAS

    More about this item

    Keywords

    Innovation; Intellectual property; Patents; Trade marks; Copyright;

    JEL classification:

    • O31 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Innovation and Invention: Processes and Incentives
    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital

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