nep-ipr New Economics Papers
on Intellectual Property Rights
Issue of 2013‒09‒13
four papers chosen by
Giovanni Ramello
Universita' Amedeo Avogadro

  1. The value of disclosing IPR to open standard setting organizations By Hussinger, Katrin; Schwiebacher, Franz
  2. Patents in the University: Priming the Pump and Crowding Out By Scotchmer, Suzanne
  3. Do trademarks diminish the substitutability of products in innovative knowledge-intensive services? By Crass, Dirk; Schwiebacher, Franz
  4. R&D, IP, and firm profits in the automotive supplier industry By Stefan Lutz

  1. By: Hussinger, Katrin; Schwiebacher, Franz
    Abstract: Open standard-setting organizations (SSOs) have emerged as important coordination and diffusion mechanism for information and communication technologies. Open standards are developed non-discriminatorily and licensed to anybody at reasonable and non-discriminatory terms. Little is known about the value of IP contributions to open standards for technology providers. This paper provides a large-scale empirical assessment thereof. Our findings show that disclosure of standard-relevant IP ownership is valued positively by financial markets only if the disclosure refers explicitly to associated patents. The loss of exclusivity to IPR appears to be outweighed by the expected benefits from open standards. Patents appear to signal the technological quality of IP contributions from firms with low R&D intensities. --
    Keywords: Open standards,IP disclosures,market value
    JEL: O32 O34 L15
    Date: 2013
  2. By: Scotchmer, Suzanne
    Abstract: The Bayh-Dole Act allows universities to exploit patents on their federally sponsored re- search. University laboratories therefore have two sources of funds: direct grants from sponsors and income from licensing. Tax credits for private R&D also contribute, because they increase the profitability of licensing. Because Bayh-Dole profits are a source of funds, the question arises how subsidies and Bayh-Dole profits fit together. I show that subsidies to the university can either "prime the pump" for spending out of Bayh-Dole funds, or can crowd it out. Because of crowding out, if the sponsor wants to increase university spending beyond the university's own target, it will end up funding the entire research bill, just as if there were no profit opportunities under the Bayh-Dole Act. A subsidy system that requires university matching can mitigate this problem.
    Keywords: research subsidy, tax credits, Bayh-Dole Act, matching grants, crowding out
    Date: 2013–05
  3. By: Crass, Dirk; Schwiebacher, Franz
    Abstract: Trademarks are often supposed to reduce substitutability and imitability of product innovations. Using German CIS data for 2010, we provide empirical evidence that trademarking firms assess easy product substitutability as less characteristic for their competitive environment. This is particularly the case for knowledge-intensive service providers, product innovators and firms which consider trademarks as important intellectual property rights. This suggests that trademarks are an important supplementary mechanism to protect innovations in knowledgeintensive services. --
    Keywords: Trademarks,product differentiation,innovation,services
    JEL: O32 O34
    Date: 2013
  4. By: Stefan Lutz
    Date: 2013

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