{"id":52965,"date":"2023-12-01T18:02:27","date_gmt":"2023-12-01T17:02:27","guid":{"rendered":"https:\/\/www.wifo.ac.at\/publication\/the-anti-competitive-effect-of-intellectual-property-rights\/"},"modified":"2024-11-07T06:05:09","modified_gmt":"2024-11-07T05:05:09","slug":"the-anti-competitive-effect-of-intellectual-property-rights","status":"publish","type":"publication","link":"https:\/\/www.wifo.ac.at\/en\/publication\/52965\/","title":{"rendered":"The (Anti-)Competitive Effect of Intellectual Property Rights"},"content":{"rendered":"","protected":false},"featured_media":0,"template":"","class_list":["post-52965","publication","type-publication","status-publish","hentry"],"acf":{"subtitle":"","text":"We test whether intellectual property rights foster or hinder innovation by estimating IV structural equations for a large sample of Swiss firms. We find that better appropriability conditions at the industry level raise the number of competitors. However, conditional on the given industry structure, individual firms face fewer competitors, if they actually use intellectual property rights. The further impact of fewer competitors is to raise R&amp;D, when initial competition is strong, but to reduce it, when initial competition is weak (&quot;inverted U&quot;).","onlinedate":"2019-03-27 12:00:00","lang":"English","publication_series":"","publication_date":"20190301","publication_date_year":"","publication_date_full":false,"publication_num_pages":"11","keywords":"[\"competition\",\"innovation\",\"patents\",\"simultaneous system\"]","jelcodes":"[\"O31\",\"O32\",\"O34\",\"D22\"]","related_publications":"[]","pdf":376925,"zip":null,"link":"","monthly_report":true,"monthly_report_main":false,"monthly_report_volume":"","monthly_report_pages":"","monthly_report_pages_sort":"0","issue":"577","journal":"WIFO Working Papers","publisher":"","invisible":false,"external":false,"embargo_date":"2019-03-27 12:00:00","types":[44410],"research_groups":[3491],"collaboration":"","persons":[3776,13807,15041],"persons_data":"[{\"personId\":3776,\"personName\":\"Michael Peneder\",\"organisationNames\":[]},{\"personId\":13807,\"personName\":\"Mark Thompson\",\"organisationNames\":[]},{\"personId\":15041,\"personName\":\"Martin W\u00f6rter\",\"organisationNames\":[]}]","clients":[],"subclients":[],"partners":[],"topics":[],"host_publication_title":"","host_publication_subtitle":"","place_of_publication":"","host_publication_editors":"[]","type_description":"","output_media":"","chapter":"","article_number":"","citations":"{\"apa\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_apa rendering_contributiontoperiodical rendering_apa rendering_contributiontoperiodical_apa\\\"><span>Peneder, M.<\\\/span>, Thompson, M., &amp; W\u00f6rter, M. (2019). <span>The (Anti-)Competitive Effect of Intellectual Property Rights<\\\/span>. <span><em>WIFO Working Papers<\\\/em><\\\/span>, (577). <a onclick=\\\"window.open(this.href, '_blank','noopener,noreferrer'); return false;\\\" href=\\\"https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/61712\\\" class=\\\"link\\\"><span>https:\\\/\\\/www.wifo.ac.at\\\/wwa\\\/pubid\\\/61712<\\\/span><\\\/a><\\\/div>\",\"vancouver\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_vancouver rendering_contributiontoperiodical rendering_vancouver rendering_contributiontoperiodical_vancouver\\\"><span>Peneder M<\\\/span>, Thompson M, W\u00f6rter M. <span class=\\\"title\\\"><span>The (Anti-)Competitive Effect of Intellectual Property Rights<\\\/span><\\\/span>. <span>WIFO Working Papers<\\\/span>. 2019 Mar;(577).<\\\/div>\",\"bibtex\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_bibtex rendering_contributiontoperiodical rendering_bibtex rendering_contributiontoperiodical_bibtex\\\"><div>@misc{b3c962acc15a499e9cdf2ae36a519c54,<\\\/div><div>  title    = \\\"The (Anti-)Competitive Effect of Intellectual Property Rights\\\",<\\\/div><div>  abstract = \\\"We test whether intellectual property rights foster or hinder innovation by estimating IV structural equations for a large sample of Swiss firms. We find that better appropriability conditions at the industry level raise the number of competitors. However, conditional on the given industry structure, individual firms face fewer competitors, if they actually use intellectual property rights. The further impact of fewer competitors is to raise R\\\\&amp;D, when initial competition is strong, but to reduce it, when initial competition is weak ({\\\"}inverted U{\\\"}).\\\",<\\\/div><div>  keywords = \\\"competition, innovation, patents, simultaneous system, competition, innovation, patents, simultaneous system\\\",<\\\/div><div>  author   = \\\"Michael Peneder and Mark Thompson and Martin W{\\\\\\\"o}rter\\\",<\\\/div><div>  note     = \\\"The (Anti-)Competitive Effect of Intellectual Property Rights\\\",<\\\/div><div>  year     = \\\"2019\\\",<\\\/div><div>  month    = mar,<\\\/div><div>  language = \\\"English\\\",<\\\/div><div>  journal  = \\\"WIFO Working Papers\\\",<\\\/div><p>}<\\\/p><\\\/div>\",\"ris\":\"<div class=\\\"rendering rendering_researchoutput  rendering_researchoutput_ris rendering_contributiontoperiodical rendering_ris rendering_contributiontoperiodical_ris\\\"><p>TY  - GEN<\\\/p><p>T1  - The (Anti-)Competitive Effect of Intellectual Property Rights<\\\/p><p>AU  - Peneder, Michael<\\\/p><p>AU  - Thompson, Mark<\\\/p><p>AU  - W\u00f6rter, Martin<\\\/p><p>N1  - The (Anti-)Competitive Effect of Intellectual Property Rights<\\\/p><p>PY  - 2019\\\/3<\\\/p><p>Y1  - 2019\\\/3<\\\/p><p>N2  - We test whether intellectual property rights foster or hinder innovation by estimating IV structural equations for a large sample of Swiss firms. We find that better appropriability conditions at the industry level raise the number of competitors. However, conditional on the given industry structure, individual firms face fewer competitors, if they actually use intellectual property rights. The further impact of fewer competitors is to raise R&amp;D, when initial competition is strong, but to reduce it, when initial competition is weak (\\\"inverted U\\\").<\\\/p><p>AB  - We test whether intellectual property rights foster or hinder innovation by estimating IV structural equations for a large sample of Swiss firms. We find that better appropriability conditions at the industry level raise the number of competitors. However, conditional on the given industry structure, individual firms face fewer competitors, if they actually use intellectual property rights. The further impact of fewer competitors is to raise R&amp;D, when initial competition is strong, but to reduce it, when initial competition is weak (\\\"inverted U\\\").<\\\/p><p>KW  - competition<\\\/p><p>KW  - innovation<\\\/p><p>KW  - patents<\\\/p><p>KW  - simultaneous system<\\\/p><p>KW  - competition<\\\/p><p>KW  - innovation<\\\/p><p>KW  - patents<\\\/p><p>KW  - simultaneous system<\\\/p><p>M3  - WIFO series<\\\/p><p>JO  - WIFO Working Papers<\\\/p><p>JF  - WIFO Working Papers<\\\/p><p>ER  - <\\\/p><\\\/div>\"}","scientific_assistance":"[]","scientific_review":"[]","version":"","release_date":null,"expiration_date":null,"surveyor":"","research_assistance":"","edv":"","additional_info_de":"","additional_info_en":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>The (Anti-)Competitive Effect of Intellectual Property Rights - WIFO<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.wifo.ac.at\/en\/publication\/52965\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The (Anti-)Competitive Effect of Intellectual Property Rights\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.wifo.ac.at\/en\/publication\/52965\/\" \/>\n<meta property=\"og:site_name\" content=\"WIFO\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/WIFOat\/\" \/>\n<meta property=\"article:modified_time\" content=\"2024-11-07T05:05:09+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.wifo.ac.at\/wp-content\/uploads\/2024\/05\/WIFO-Gebaeude-FotoAlexanderMueller-www.alexandermueller.at-IMG_6326-Bearbeitet-1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"1920\" \/>\n\t<meta property=\"og:image:height\" content=\"1280\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:site\" content=\"@WIFOat\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/52965\\\/\",\"url\":\"https:\\\/\\\/www.wifo.ac.at\\\/en\\\/publication\\\/52965\\\/\",\"name\":\"The (Anti-)Competitive Effect of Intellectual Property Rights - 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