Innovative startup firms and the patent system

Innovative startup firms and the patent system

Patent protection is assumed to benefit entrepreneurs seeking investment, because patents signal quality and are an asset that can be resold if a startup fails. This column argues that the evidence for these benefits is inconclusive. Notably, patents acquired in a secondary market may be used for rent-seeking, rather than to incentivise innovation.

Bronwyn Hall

VoxEU

July 19, 2018

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By |2018-07-23T13:32:15+00:00January 1st, 2018|Efficiency/Growth, Intellectual Property, Patents, Reference|