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The Patent Paradox Revisited: An Empirical Study of Patenting in the U.S. Semiconductor Industry, 1979-1995
Abstract
We examine the patenting behavior of firms in an industry characterized by rapid technological change and cumulative innovation. Recent survey evidence suggests that semiconductor firms do not rely heavily on patents to appropriate returns to R&D. Yet the propensity of semiconductor firms to patent has risen dramatically since the mid1980s. We explore this apparent paradox by conducting interviews with industry representatives and analyzing the patenting behavior of 95 U.S. semiconductor firms during 1979‐1995. The results suggest that the 1980s strengthening of U.S. patent rights spawned ‘‘patent portfolio races’’ among capital-intensive firms, but it also facilitated entry by specialized design firms.
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Cites
Regression Analysis of Count Data
Cameron, A. C., & Trivedi, P. K. (2013) · doi:10.1017/cbo9781139013567 · Cited by 6,640
Aging, Obsolescence, and Organizational Innovation
Sørensen, J. B., & Stuart, T. E. (2000) · Administrative Science Quarterly · doi:10.2307/2666980 · Cited by 1,862
Patents and Innovation: An Empirical Study
Mansfield, E. (1986) · Management Science · doi:10.1287/mnsc.32.2.173 · Cited by 1,128
Cited by
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Hu, A. G., & Jefferson, G. H. (2009) · Journal of Development Economics · doi:10.1016/j.jdeveco.2008.11.004 · Cited by 614
Carnabuci, G., & Operti, E. (2013) · Strategic Management Journal · doi:10.1002/smj.2084 · Cited by 596
Patents and Innovation: Evidence from Economic History
Moser, P. (2013) · Journal of Economic Perspectives · doi:10.1257/jep.27.1.23 · Cited by 452
Mowery, D. C., & Sampat, B. N. (2005) · Essays in Honor of Edwin Mansfield · doi:10.1007/0-387-25022-0_18 · Cited by 435
Srivastava, M. K., & Gnyawali, D. R. (2011) · Academy of Management Journal · doi:10.5465/amj.2011.64870140 · Cited by 389
Metadata
- Authors
- Hall, B. H., & Ziedonis, R. H.
- Venue
- The RAND Journal of Economics
- Publisher
- Wiley
- Published
- 2001
- Volume
- 32
- Issue
- 1
- Pages
- 101
- ISSN
- 0741-6261 (ISSN-L)
- OpenAlex
- W2125863022
- Cited by
- 2,246
- References
- 3
- FWCI
- 115.58
- Type
- journal article
- Language
- en
- Open access
- closed
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- Hall, B. H., & Ziedonis, R. H. (2001). The Patent Paradox Revisited: An Empirical Study of Patenting in the U.S. Semiconductor Industry, 1979-1995. The RAND Journal of Economics. https://doi.org/10.2307/2696400
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