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- W3124313250 abstract "Innovative activity depends on the incentives to create new ideas as well as the visibility of and access to existing ones. We show that a relative strengthening of trade secrets protection has a disproportionately negative effect on patenting of processes -- inventions that are not otherwise visible to society. We develop a structural model of initial and follow-on innovation to determine the welfare effects of such shifts in disclosure for industries characterized by cumulative innovation. While stronger trade secrets encourage investment in initial R&D, they may have negative effects on overall welfare by reducing opportunities for follow-on innovation." @default.
- W3124313250 created "2021-02-01" @default.
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- W3124313250 date "2019-01-01" @default.
- W3124313250 modified "2023-09-28" @default.
- W3124313250 title "Visibility of Technology and Cumulative Innovation: Evidence from Trade Secrets Laws" @default.
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- W3124313250 doi "https://doi.org/10.2139/ssrn.3393510" @default.
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