Legal Monopoly: Patents and Antitrust Litigation in U.S. Manufacturing, 1970-1998
This paper presents an empirical analysis of the relationship between patenting, innovation, and federal antitrust enforcement towards firms in the manufacturing sector. I examine whether the likelihood of antitrust litigation is influenced by patent histories and R&D expenditures, after controlling for other firm-specific variables including size and likelihood of antitrust charges for medium and large firms. Smaller firms with faster sales growth are also more likely to be charged with antitrust violations.
Document Object Identifier (DOI): 10.3386/w7068
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