Patents and Knowledge Diffusion: The Effect of Early Disclosure

Stefano Horst Baruffaldi, Markus Simeth

Research output: Contribution to journalJournal articleResearchpeer-review

Abstract

We study how the timing of information disclosure affects the diffusion of codified technical information. On November 29, 2000, the American Inventors Protection Act (AIPA) reduced the default publication time of patents at the United States Patent and Trademark Office (USPTO) to 18 months. We analyze the effects of this change by means of a regression discontinuity design with time as an assignment variable and a complementary difference-in-differences analysis. Our study shows that information flows from patents measured by forward citations, increased. Interestingly, the degree of localization within geographic boundaries remained unchanged and technological localization even increased moderately. Moreover, the effect of early disclosure on citations from patents filed by patent attorney service firms is particularly strong. These results imply that knowledge diffusion stemming from speedier disclosure of technical information is confined to the existing attention scope and absorptive capacity of inventors and organizations.
Original languageEnglish
Article number103927
JournalResearch Policy
Volume49
Issue number4
Number of pages20
ISSN0048-7333
DOIs
Publication statusPublished - May 2020

Keywords

  • Knowledge diffusion
  • Patent citations
  • Information disclosure
  • Patent policy
  • Technology spillovers
  • AIPA

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