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In this article, we use the USPTO's first randomized control trial of inventors to demonstrate that granted patent rights provide substantial benefits to independent inventors. We also find that the nature of these benefits differs according to the type of inventor. For Pro inventors financially limited by the USPTO's experience, patents act as a signal and increase the likelihood of affiliation. For the broader set of independent inventors, however, patents reduce financial, informational and marketing friction and increase subsequent inventive activity.
DE GRAZIA Charles - EMLV |
- Recherche
- Entrepreneuriat, Management de l'Innovation