Is Silence Golden? Patents versus Secrecy at the Firm Level


Hussinger, Katrin


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URL: http://ub-madoc.bib.uni-mannheim.de/928
URN: urn:nbn:de:bsz:180-madoc-9282
Document Type: Working paper
Year of publication: 2004
Publication language: English
Institution: Sonstige Einrichtungen > ZEW - Leibniz-Zentrum für Europäische Wirtschaftsforschung
MADOC publication series: Veröffentlichungen des ZEW (Leibniz-Zentrum für Europäische Wirtschaftsforschung) > ZEW Discussion Papers
Subject: 330 Economics
Classification: JEL: O34 O33 C35 C34 ,
Subject headings (SWD): Deutschland , Innovation , Patent , Geheimhaltung
Abstract: In the 1990s, patenting schemes changed in many respects: upcoming new technologies accelerated the shift from price competition towards competition based on technical inventions, a worldwide surge in patenting took place, and the "patent thicket" arose as a consequence of strategic patenting. This study analyzes the importance of patenting versus secrecy as an effective alternative to protect intellectual property in the inventions' market phase. The sales figure with new products is introduced as a new measure for the importance of IP protection tools among product innovating firms. Focusing on the German manufacturing in 2000, it turns out that patents are important to protect intellectual property in the market, whereas secrecy seems to be rather important for early-stage inventions.
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Hussinger, Katrin (2004) Is Silence Golden? Patents versus Secrecy at the Firm Level. Open Access [Working paper]
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