JEL Classification : D 23 , D 45 , K 11 , L 43 THE VALUE OF GIVING AWAY SECRETS

@inproceedings{BarGill2003JELC,
  title={JEL Classification : D 23 , D 45 , K 11 , L 43 THE VALUE OF GIVING AWAY SECRETS},
  author={Oren Bar-Gill and Gideon Parchomovsky},
  year={2003}
}
This Essay demonstrates the strategic advantage of narrow patents and unprotected publication of R&D output. Broad patents might stifle follow-on improvements by deterring potential cumulative innovators, who fear being held up by the initial inventor at the ex post licensing stage. By opting for a narrower patent and unprotected publication, the initial… CONTINUE READING