TY  - JOUR
TI  - Patent disclosure and R&D competition in pharmaceuticals
ID  - eprints635
AV  - public
KW  - Patent disclosure; Innovation; R&D competition.
IS  - 5
UR  - http://www.informaworld.com/10.1080/10438590802547183
VL  - 18
EP  - 486
PB  - Taylor and Francis
A1  - Pammolli, Fabio
A1  - Magazzini, Laura
A1  - Riccaboni, Massimo
A1  - Rossi, Maria Alessandra
SP  - 467
N2  - 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. 
JF  - Economics of Innovation and New Technology
N1  - JEL Codes: D23; D83; O34 
SN  - 1043-8599
Y1  - 2009///
ER  -