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Title:Patent protection, market uncertainty, and R&D investment PDF Logo
Authors:Czarnitzki, Dirk
Toole, Andrew A.
Issue Date:2006
Series/Report no.:ZEW Discussion Papers 06-56
Abstract:The real options investment theory shows that greater uncertainty about market revenues reduces current R&D investment by increasing the value of waiting. This paper presents empirical evidence that patent protection mitigates the effect market uncertainty on R&D investment.
Subjects:Real Options Theory
Intellectual Property Protection
Censored Regression
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Document Type:Working Paper
Appears in Collections:ZEW Discussion Papers, Zentrum für Europäische Wirtschaftsforschung (ZEW)
Publikationen von Forscherinnen und Forschern des Zentrums für Europäische Wirtschaftsforschung (ZEW)

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