The DOI matches its Crossref record; 66 of the 66 references it cites were found in a registry or an index.
Patents and Cumulative Innovation: Causal Evidence from the Courts *
Open accessAbstract
Cumulative innovation is central to economic growth. Do patent rights facilitate or impede follow-on innovation? We study the causal effect of removing patent rights by court invalidation on subsequent research related to the focal patent, as measured by later citations. We exploit random allocation of judges at the U.S. Court of Appeals for the Federal Circuit to control for endogeneity of patent invalidation. Patent invalidation leads to a 50% increase in citations to the focal patent, on average, but the impact is heterogeneous and depends on characteristics of the bargaining environment. Patent rights block downstream innovation in computers, electronics, and medical instruments, but not in drugs, chemicals, or mechanical technologies. Moreover, the effect is entirely driven by invalidation of patents owned by large patentees that triggers more follow-on innovation by small firms.
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Cites
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The NBER Patent Citation Data File: Lessons, Insights and Methodological Tools
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Can Patents Deter Innovation? The Anticommons in Biomedical Research
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Characterizing Selection Bias Using Experimental Data
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Cited by
Overlapping Ownership, R&D Spillovers, and Antitrust Policy
López, Á. L., & Vives, X. (2019) · Journal of Political Economy · doi:10.1086/701811 · Cited by 303
Miric, M., & Jeppesen, L. B. (2020) · Strategic Management Journal · doi:10.1002/smj.3208 · Cited by 46
Metadata
- Authors
- Galasso, A., & Schankerman, M.
- Venue
- The Quarterly Journal of Economics
- Publisher
- Oxford University Press (OUP)
- Published
- 2014-11-21
- Volume
- 130
- Issue
- 1
- Pages
- 317-369
- ISSN
- 0033-5533 (ISSN-L)
- 1531-4650
- OpenAlex
- W2116398574
- Cited by
- 448
- References
- 66
- FWCI
- 72.87
- Type
- journal article
- Language
- en
- Open access
- hybrid
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Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
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