Abstract
Joint ownership of a patent is most often viewed by firms as a second-best option compared to single, monopoly ownership. However, the results of this article suggest that there may be reason for businesses and policymakers to incentivize joint patenting behaviour. This is because, joint patent ownership is found to positively impact the quality of an innovation (as measured by forward patent citations). In addition, the degree of quality increases with the number of patent owners. Since past research confirms the important links between patent quality and ongoing innovation, and between innovation and growth, those factors that impact patent quality are deserving of attention. Economic research on joint patenting is currently limited, but we hope to shed light on the importance of expanding dialogue on this topic.
| Original language | English |
|---|---|
| Pages (from-to) | 4370-4379 |
| Number of pages | 10 |
| Journal | Applied Economics |
| Volume | 46 |
| Issue number | 35 |
| DOIs | |
| State | Published - Dec 12 2014 |
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All Science Journal Classification (ASJC) codes
- Economics and Econometrics
Cite this
More is better : evidence that joint patenting leads to quality innovation. / Briggs, Kristie; Wade, Mary.
In: Applied Economics, Vol. 46, No. 35, 12.12.2014, p. 4370-4379.Research output: Contribution to journal › Article
}
TY - JOUR
T1 - More is better
T2 - evidence that joint patenting leads to quality innovation
AU - Briggs, Kristie
AU - Wade, Mary
PY - 2014/12/12
Y1 - 2014/12/12
N2 - Joint ownership of a patent is most often viewed by firms as a second-best option compared to single, monopoly ownership. However, the results of this article suggest that there may be reason for businesses and policymakers to incentivize joint patenting behaviour. This is because, joint patent ownership is found to positively impact the quality of an innovation (as measured by forward patent citations). In addition, the degree of quality increases with the number of patent owners. Since past research confirms the important links between patent quality and ongoing innovation, and between innovation and growth, those factors that impact patent quality are deserving of attention. Economic research on joint patenting is currently limited, but we hope to shed light on the importance of expanding dialogue on this topic.
AB - Joint ownership of a patent is most often viewed by firms as a second-best option compared to single, monopoly ownership. However, the results of this article suggest that there may be reason for businesses and policymakers to incentivize joint patenting behaviour. This is because, joint patent ownership is found to positively impact the quality of an innovation (as measured by forward patent citations). In addition, the degree of quality increases with the number of patent owners. Since past research confirms the important links between patent quality and ongoing innovation, and between innovation and growth, those factors that impact patent quality are deserving of attention. Economic research on joint patenting is currently limited, but we hope to shed light on the importance of expanding dialogue on this topic.
UR - http://www.scopus.com/inward/record.url?scp=84914104765&partnerID=8YFLogxK
UR - http://www.scopus.com/inward/citedby.url?scp=84914104765&partnerID=8YFLogxK
U2 - 10.1080/00036846.2014.957446
DO - 10.1080/00036846.2014.957446
M3 - Article
VL - 46
SP - 4370
EP - 4379
JO - Applied Economics
JF - Applied Economics
SN - 0003-6846
IS - 35
ER -