relation: http://eprints.imtlucca.it/635/
title: Patent disclosure and R&D competition in pharmaceuticals
creator: Pammolli, Fabio
creator: Magazzini, Laura
creator: Riccaboni, Massimo
creator: Rossi, Maria Alessandra
subject: HB Economic Theory
subject: HD28 Management. Industrial Management
subject: T201 Patents. Trademarks
description: The prominent role played by patents within the pharmaceutical domain is unquestionable. In this paper, we focus on a relatively neglected implication of patents: the effect of patent-induced information disclosure on the dynamics of R&D and market competition. The study builds upon the combination of two large datasets, linking the information about patents to firm-level data on R&D projects and their outcome. Two case studies in the fields of anti-inflammatory compounds and cancer research complement our analysis. We argue that patent disclosure induces R&D competition and shapes firms' technological trajectories. In fact, we show that under conditions of uncertainty, patent disclosure can contribute to generate knowledge spillovers, promoting multiple parallel research efforts on plausible targets and stimulating private investment and competition. 
publisher: Taylor and Francis
date: 2009
type: Article
type: PeerReviewed
format: application/pdf
language: en
identifier: http://eprints.imtlucca.it/635/1/patent_disclosure_2009a.pdf
identifier:   Pammolli, Fabio and Magazzini, Laura and Riccaboni, Massimo and Rossi, Maria Alessandra  Patent disclosure and R&D competition in pharmaceuticals.  Economics of Innovation and New Technology, 18 (5).  pp. 467-486.  ISSN 1043-8599      (2009)  
relation: http://www.informaworld.com/10.1080/10438590802547183
relation: 10.1080/10438590802547183