NATIONAL BUREAU OF ECONOMIC RESEARCH
NATIONAL BUREAU OF ECONOMIC RESEARCH

Estimating the Gains from Trade in the Market for Innovation: Evidence from the Transfer of Patents

Carlos J. Serrano

NBER Working Paper No. 17304
Issued in August 2011
NBER Program(s):   IO   PR

The "market for innovation" -- the sale and licensing of patents -- is an often discussed source of incentives to invest in R&D. This article presents and estimates a model of the transfer and renewal of patents that, under some assumptions, allows us to quantify the gains resulting from the transfer of patents in the market for innovation. The gains from trade measure the benefits of reallocating the ownership of a patent from the original inventor to a new owner for whom the patent has a higher value. In addition, we study the effect that lowering the costs of technology transfer has on the proportion of patents traded and the gains from trade.

download in pdf format
   (373 K)

email paper

This paper is available as PDF (373 K) or via email.

Machine-readable bibliographic record - MARC, RIS, BibTeX

Document Object Identifier (DOI): 10.3386/w17304

Users who downloaded this paper also downloaded these:
Galasso, Schankerman, and Serrano w17367 Trading and Enforcing Patent Rights
Bloom, Draca, and Van Reenen w16717 Trade Induced Technical Change? The Impact of Chinese Imports on Innovation, IT and Productivity
Hall w17178 Innovation and Productivity
Astebro and Serrano w17181 Business Partners, Financing, and the Commercialization of Inventions
Spolaore and Wacziarg w17271 Long-Term Barriers to the International Diffusion of Innovations
 
Publications
Activities
Meetings
NBER Videos
Data
People
About

Support
National Bureau of Economic Research, 1050 Massachusetts Ave., Cambridge, MA 02138; 617-868-3900; email: info@nber.org

Contact Us