Optimal Patent Design and the Diffusion of Innovations
研究专利保护的长度与范围如何影响基础创新的早期披露和后续开发,发现专利范围(而非长度)是诱导早期披露的关键维度,且最优保护随应用市场竞争加剧而增加。
Innovators who have made significant breakthroughs may be tempted to get a head start in developing the applications of a new discovery before commercializing any new product. We consider how this socially undesirable waiting period and the pattern of development of subsequent innovations are affected by two patent protection regimes which we call 'length' and 'scope' protection. Our main finding is that the scope of the patent, and not its length, is the dimension that should be used to induce early disclosure of fundamental innovations while still preserving firms' incentive to do R&D. Furthermore, the optimal protection increases with rivalry in the markets for applications.