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Teaching Note | HBS Case Collection | March 2014 (Revised March 2016)

Getty Images

by Andrei Hagiu and Hong Luo

Language: English

Format: Print

10 pages

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Citation:

Hagiu, Andrei, and Hong Luo. "Getty Images." Harvard Business School Teaching Note 714-476, March 2014. (Revised March 2016.)

About the Author

Hong Luo

James Dinan and Elizabeth Miller Associate Professor of Business Administration

Strategy

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Case | HBS Case Collection | January 2018 (Revised March 2018)

Institutionalized Entrepreneurship: Flagship Pioneering

Hong Luo, Gary P. Pisano and Huafeng Yu

Citation:
Luo, Hong, Gary P. Pisano, and Huafeng Yu. "Institutionalized Entrepreneurship: Flagship Pioneering." Harvard Business School Case 718-484, January 2018. (Revised March 2018.) View Details

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Teaching Note | HBS Case Collection | March 2018

Redfin: Redefine Real Estate

Hong Luo

Teaching Note for HBS No. 718-430.

Citation:
Luo, Hong. "Redfin: Redefine Real Estate." Harvard Business School Teaching Note 718-504, March 2018. View Details

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Article | Management Science | February 2018

Patent Publication and the Market for Ideas

Deepak Hegde and Hong Luo

In this paper, we study the effect of invention disclosure through patent publication on the market for ideas. We do so by analyzing the effects of the American Inventor's Protection Act of 1999 (AIPA)—which required U.S. patent applications to be published 18 months after their filing date rather than at patent grant—on the timing of licensing deals in the biomedical industry. We find that post-AIPA U.S. patent applications are significantly more likely to be licensed before patent grant and shortly after 18-month publication. Licensing delays are reduced by about 10 months, on average, after AIPA's enactment. These findings suggest a hitherto unexplored benefit of the patent system: by requiring inventions to be published through a credible, standardized, and centralized repository, it mitigates information costs for buyers and sellers and, thus, facilitates transactions in the market for ideas.

Keywords: licensing; patent publication; invention disclosure; Patents; Information Publishing; Innovation and Invention; Knowledge Dissemination;

Citation:
Hegde, Deepak, and Hong Luo. "Patent Publication and the Market for Ideas." Management Science 64, no. 2 (February 2018): 652–672. View Details

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