Value Capture in Open Innovation Markets: The Role of Patent Rights for Innovation Appropriation

By • on August 17, 2021

The Emerald Insight website posted a study which noted that the role of patents for appropriating (capturing) value from innovation investments has for decades been of major interest to both practitioners and academics in innovation management. Many studies have implicitly assumed that firms appropriate value through in-house creation and marketing of innovative products and services, and that the main function of patents is to protect the exclusive sales in product and service markets. We challenge this assumption in light of the variety of business models, strategies and markets now being available, including different organizational and market forms of open innovation.

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