The DOI matches its Crossref record; 45 of the 45 references it cites were found in a registry or an index.
Sequential innovation, patents, and imitation
Abstract
We argue that when innovation is “sequential” (so that each successive invention builds in an essential way on its predecessors) and “complementary” (so that each potential innovator takes a different research line), patent protection is not as useful for encouraging innovation as in a static setting. Indeed, society and even inventors themselves may be better off without such protection. Furthermore, an inventor's prospective profit may actually be enhanced by competition and imitation. Our sequential model of innovation appears to explain evidence from a natural experiment in the software industry.
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Cites
A heteroskedasticity-consistent covariance matrix estimator and a direct test for heteroskedasticity
White, H. (1980) · Econometrica · doi:10.2307/1912934 · Cited by 25,861
Economic Welfare and the Allocation of Resources for Invention
Arrow, K. J. (1962) · The Rate and Direction of Inventive Activity · doi:10.1515/9781400879762-024 · Cited by 8,635
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Appropriating the Returns from Industrial Research and Development
Levin, R. C., Klevorick, A. K., Nelson, R. R., Winter, S. G., Gilbert, R., & Griliches, Z. (1987) · Brookings Papers on Economic Activity · doi:10.2307/2534454 · Cited by 3,772
Econometric Models for Count Data with an Application to the Patents-R & D Relationship
Hausman, J., Hall, B. H., & Griliches, Z. (1984) · Econometrica · doi:10.2307/1911191 · Cited by 3,393
Jaffe, A. (1986) · National Bureau of Economic Research · doi:10.3386/w1815 · Cited by 2,808
Econometric models based on count data. Comparisons and applications of some estimators and tests
Cameron, A. C., & Trivedi, P. K. (1986) · Journal of Applied Econometrics · doi:10.1002/jae.3950010104 · Cited by 1,771
Scale, Scope, and Spillovers: The Determinants of Research Productivity in Drug Discovery
Henderson, R., & Cockburn, I. (1996) · The RAND Journal of Economics · doi:10.2307/2555791 · Cited by 1,388
Imitation Costs and Patents: An Empirical Study
Mansfield, E., Schwartz, M., & Wagner, S. (1981) · The Economic Journal · doi:10.2307/2232499 · Cited by 1,316
Standing on the Shoulders of Giants: Cumulative Research and the Patent Law
Scotchmer, S. (1991) · Journal of Economic Perspectives · doi:10.1257/jep.5.1.29 · Cited by 1,302
Cited by
The paradox of openness: Appropriability, external search and collaboration
Laursen, K., & Salter, A. J. (2014) · Research Policy · doi:10.1016/j.respol.2013.10.004 · Cited by 1,083
Platform Ecosystems: How Developers Invert the Firm1
Parker, G., Van Alstyne, M., & Jiang, X. (2017) · MIS Quarterly · doi:10.25300/misq/2017/41.1.13 · Cited by 624
Innovation, Openness, and Platform Control
Parker, G., & Van Alstyne, M. (2018) · Management Science · doi:10.1287/mnsc.2017.2757 · Cited by 549
Patents and Cumulative Innovation: Causal Evidence from the Courts *
Galasso, A., & Schankerman, M. (2015) · The Quarterly Journal of Economics · doi:10.1093/qje/qju029 · Cited by 448
Metadata
- Authors
- Bessen, J., & Maskin, E.
- Venue
- The RAND Journal of Economics
- Publisher
- Wiley
- Published
- 2009-10-12
- Volume
- 40
- Issue
- 4
- Pages
- 611-635
- ISSN
- 0741-6261 (ISSN-L)
- 1756-2171
- OpenAlex
- W3125658338
- Cited by
- 722
- References
- 45
- FWCI
- 84.79
- Type
- journal article
- Language
- en
- Open access
- closed
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Bibliographic data: Semantic Scholar, OpenAlex, Crossref.
Contains information from the Semantic Scholar Academic Graph Datasets, made available under the ODC Attribution License (ODC-BY 1.0).
Semantic Scholar’s data is described in: Kinney, R., et al. (2023). The Semantic Scholar Open Data Platform. arXiv:2301.10140.