eprintid: 635
rev_number: 17
eprint_status: archive
userid: 2
dir: disk0/00/00/06/35
datestamp: 2011-06-30 14:27:33
lastmod: 2011-08-31 14:40:38
status_changed: 2011-06-30 14:27:33
type: article
metadata_visibility: show
item_issues_count: 0
creators_name: Pammolli, Fabio
creators_name: Magazzini, Laura
creators_name: Riccaboni, Massimo
creators_name: Rossi, Maria Alessandra
creators_id: f.pammolli@imtlucca.it
creators_id: 
creators_id: massimo.riccaboni@imtlucca.it
creators_id: 
title: Patent disclosure and R&D competition in pharmaceuticals
ispublished: pub
subjects: HB
subjects: HD28
subjects: T201
divisions: EIC
full_text_status: public
keywords: Patent disclosure; Innovation; R&D competition.
note: JEL Codes: D23; D83; O34 
abstract: 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. 
date: 2009
date_type: published
publication: Economics of Innovation and New Technology
volume: 18
number: 5
publisher: Taylor and Francis
pagerange: 467-486
id_number: 10.1080/10438590802547183
refereed: TRUE
issn: 1043-8599
official_url: http://www.informaworld.com/10.1080/10438590802547183
citation:   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)  
document_url: http://eprints.imtlucca.it/635/1/patent_disclosure_2009a.pdf