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.
2006
2, issue 1, article 3
209
221
patents; secrets; licensing; transaction costs.
F. CUGNO; E. OTTOZ
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Utilizza questo identificativo per citare o creare un link a questo documento: https://hdl.handle.net/2318/21712
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