Patents and the Diffusion of Technical Information
Posted: 18 Jan 2005
Does the disclosure requirement of the patent system encourage the diffusion of inventions? This paper builds a simple model where firms choose between patents and trade secrecy to protect inventions. Diffusion is not necessarily more likely with a patent system nor is the "market for technology" necessarily greater.
Keywords: Patents, innovation, diffusion, trade secrecy
JEL Classification: K3, L5, O3
Suggested Citation: Suggested Citation