The Technological Competition in the Field of Intelligent Finance in China from a Patent Perspective

Author(s):  
Juan He ◽  
Mengting Du ◽  
Lin Qiao

Significance These are: artificial intelligence, semiconductors, quantum computing, genetics, biotechnology, neuroscience and aerospace. Impacts It is not always useful to view technological competition between China and the West as a ‘race’. China will likely burn significant capital just to achieve parity with advanced countries, and may never achieve it. Low margins will encourage protectionism and import substitution, with an impact on efficiency and productivity.


2020 ◽  
Vol 66 (6) ◽  
pp. 2677-2685 ◽  
Author(s):  
Sonja Lück ◽  
Benjamin Balsmeier ◽  
Florian Seliger ◽  
Lee Fleming

Much work on innovation strategy assumes or theorizes that competition in innovation elicits duplication of research and that disclosure decreases such duplication. We validate this empirically using the American Inventors Protection Act (AIPA), three complementary identification strategies, and a new measure of blocked future patent applications. We show that AIPA—intended to reduce duplication, through default disclosure of patent applications 18 months after filing—reduced duplication in the U.S. and European patent systems. The blocking measure provides a clear and micro measure of technological competition that can be aggregated to facilitate the empirical investigation of innovation, firm strategy, and the positive and negative externalities of patenting. This paper was accepted by Joshua Gans, business strategy.


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