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Market-Based Solutions to Vital Economic Issues


Kenan Institute 2024 Grand Challenge: Business Resilience
Market-Based Solutions to Vital Economic Issues
Nov 28, 2020

The Effect of Patent Disclosure Quality on Innovation


The patent system grants inventors temporary monopoly rights in exchange for a public disclosure detailing their innovation. These disclosures are meant to allow others to recreate and build on the patented innovation. We examine how the quality of these disclosures affects follow-on innovation. We use the plausibly exogenous assignment to patent applications of patent examiners who differ in their enforcement of disclosure requirements as a source of variation in disclosure quality. We find that some examiners are significantly more lenient with respect to patent disclosure quality requirements, and that patents granted by these examiners lead to significantly less follow-on innovation. Our results suggest that the characteristics of patent disclosures affect the course of subsequent innovation.

Note: Research papers posted on SSRN, including any findings, may differ from the final version chosen for publication in academic journals. 

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