We present a simple model where patents are inferior to secrecy if transaction costs involved in trade secret licensing are not too high. In such case patents cannot be viewed as a “contract” between the innovator and society implying disclosure of the innovation in exchange for a temporary monopoly right.
Trade Secret vs Broad Patent: the Role of Licensing
CUGNO, Franco;OTTOZ, Elisabetta
2006-01-01
Abstract
We present a simple model where patents are inferior to secrecy if transaction costs involved in trade secret licensing are not too high. In such case patents cannot be viewed as a “contract” between the innovator and society implying disclosure of the innovation in exchange for a temporary monopoly right.File in questo prodotto:
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