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BEGIN:VEVENT
UID:b1ff1a2b81ff14bcea2732e2d6dd1bd7
CATEGORIES:Seminars
CREATED:20170410T165918
SUMMARY:Alberto Galasso - Rotman School of Management
DESCRIPTION;ENCODING=QUOTED-PRINTABLE:Patents Rights and Innovation by Small and Large Firms (with Mark Schankerm
 an)\nAbstract:\n This paper studies the causal impact of patents on subsequ
 ent innovation by the patent holder. The analysis is based on court invalid
 ation of patents by the U.S. Court of Appeals for the Federal Circuit, and 
 exploits the random allocation of judges to control for the endogeneity of 
 the judicial decision. Patent invalidation leads to a 50 percent decrease i
 n patenting by the patent holder, on average, but the impact depends critic
 ally on characteristics of the patentee and the competitive environment. Th
 e effect is entirely driven by small innovative firms in technology fields 
 where they face many large incumbents. Invalidation of patents held by larg
 e firms does not change the intensity of their innovation but shifts the te
 chnological direction of their subsequent patenting.\n
DTSTAMP:20260405T181145Z
DTSTART:20160421T173000Z
DTEND:20160421T190000Z
SEQUENCE:0
TRANSP:OPAQUE
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