Reference : Is Silence Golden? Patents versus Secrecy at the Firm Level
Scientific journals : Article
Business & economic sciences : Strategy & innovation
http://hdl.handle.net/10993/7301
Is Silence Golden? Patents versus Secrecy at the Firm Level
English
Hussinger, Katrin mailto [University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA) >]
2006
Economics of Innovation and New Technology
Yes
International
[en] Innovation ; Appropriation ; Patents ; Secrecy
[en] In the 1990s, patenting schemes changed in many respects: Upcoming new technologies accelerated the shift from price competition towards competition based on technical inventions, a worldwide surge in patenting took place, and the ‘patent thicket’ arose as a consequence of strategic patenting. This study analyzes the importance of patenting versus secrecy as an effective alternative to protect intellectual property (IP) in the inventions’ market phase. The sales figure with new products is introduced as a new measure of the importance of IP protection tools among product innovating firms. Focusing on German manufacturing in 2000, it turns out that patents are an effective means to protect IP in the market, whereas secrecy seems to be rather important for inventions that are not yet commercialized.
http://hdl.handle.net/10993/7301

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