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Is Silence Golden? Patents versus Secrecy at the Firm Level
Hussinger, Katrin
2006In Economics of Innovation and New Technology
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Keywords :
Innovation; Appropriation; Patents; Secrecy
Abstract :
[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.
Disciplines :
Strategy & innovation
Author, co-author :
Hussinger, Katrin ;  University of Luxembourg > Faculty of Law, Economics and Finance (FDEF) > Center for Research in Economic Analysis (CREA)
Language :
English
Title :
Is Silence Golden? Patents versus Secrecy at the Firm Level
Publication date :
2006
Journal title :
Economics of Innovation and New Technology
Peer reviewed :
Peer reviewed
Available on ORBilu :
since 30 September 2013

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