{"title":"Intellectual property and fourth industrial revolution technologies: how the patent system is shaping the future in the data-driven economy","authors":"Armin Mertens, Marc Scheufen","doi":"10.1007/s10657-023-09789-2","DOIUrl":null,"url":null,"abstract":"<p>Using the classification system from the European Patent Office (EPO), we identify almost 600,000 patent applications for fourth industrial revolution technologies from 1986 to 2015. We contribute to the economic literature by seeking to answer two research questions: (1) What is the effect of legal breath (and other indicators) on the quality of innovations in the fourth industrial revolution, (2) How does the IP culture (utilitarism vs. natural law) explain these differences? We find that the legal breadth of a patent positively affects the quality of innovations in the fourth industrial revolution. Interestingly, this impact of legal breadth may be driven by historical path dependencies and ways in which the two philosophical schools (utilitarism vs. natural law) have shaped the patent system in Anglo-Saxon countries versus continental Europe.</p>","PeriodicalId":51664,"journal":{"name":"European Journal of Law and Economics","volume":"49 4 1","pages":""},"PeriodicalIF":1.0000,"publicationDate":"2023-12-16","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"European Journal of Law and Economics","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s10657-023-09789-2","RegionNum":3,"RegionCategory":"社会学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
Using the classification system from the European Patent Office (EPO), we identify almost 600,000 patent applications for fourth industrial revolution technologies from 1986 to 2015. We contribute to the economic literature by seeking to answer two research questions: (1) What is the effect of legal breath (and other indicators) on the quality of innovations in the fourth industrial revolution, (2) How does the IP culture (utilitarism vs. natural law) explain these differences? We find that the legal breadth of a patent positively affects the quality of innovations in the fourth industrial revolution. Interestingly, this impact of legal breadth may be driven by historical path dependencies and ways in which the two philosophical schools (utilitarism vs. natural law) have shaped the patent system in Anglo-Saxon countries versus continental Europe.
期刊介绍：
The European Journal of Law and Economics provides readers with high-quality theoretical and empirical research in which both the legal and economic dimensions merge and combine. The journal welcomes articles that promote a better understanding of legal phenomena, legal decisions made by judges, courts or regulatory agencies, and involving economic tools. Theoretical papers are welcome, provided they have a strong basis in law and economics. We also welcome case studies, as well as empirical analyses – including empirical legal studies – and experimental investigations. The European Journal of Law and Economics does not favor any particular topic, but does have a focus on new and emerging problems. European themes are particularly welcome, because we feel it is important to exploit Europe’s considerable institutional diversity in order to build a more robust body of theory and empirical evidence. However, the purpose of the journal is also to showcase the diversity of law and economics approaches, as supplied by an international mix of authors. Drawing on the support of respected scholars from around the world, who serve as consulting editors and editorial board members, the Editors wish to give contributing authors the opportunity to improve their papers, while also offering them a quick and efficient review process.
Officially cited as: Eur J Law Econ
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