NBER Working Papers and Publications
|May 2013||The Importance (or not) of Patents to UK Firms|
with Bronwyn H. Hall, Christian Helmers, Vania Sena: w19089
A surprisingly small number of innovative firms use the patent system. In the UK, the share of firms patenting among those reporting that they have innovated is about 4%. Survey data from the same firms support the idea that they do not consider patents or other forms of registered IP as important as informal IP for protecting inventions. We show that there are a number of explanations for these findings: most firms are SMEs, many innovations are new to the firm, but not to the market, and many sectors are not patent active. We find evidence pointing to a positive association between patenting and innovative performance measured as turnover due to innovation, but not between patenting and subsequent employment growth. The analysis relies on a new integrated dataset for the UK that combines...
Published: Bronwyn H. Hall & Christian Helmers & Mark Rogers & Vania Sena, 2013. "The importance (or not) of patents to UK firms," Oxford Economic Papers, Oxford University Press, vol. 65(3), pages 603-629, July. citation courtesy of
|April 2012||The Choice between Formal and Informal Intellectual Property: A Literature Review|
with Bronwyn H. Hall, Christian Helmers, Vania Sena: w17983
We survey the economic literature, both theoretical and empirical, on the choice of intellectual property protection by firms. Our focus is on the tradeoffs between using patents and disclosing versus the use of secrecy, although we also look briefly at the use of other means of formal intellectual property protection.
The choice between formal and informal intellectual property: A review, with Christian Helmers, Mark Rogers, and Vania Sena, March 2012, revised May 2013, forthcoming in the Journal of Economic Literature. NBER Working Paper No. 17983.