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USPTO economists study all aspects of intellectual property (IP) to better understand the determinants of innovation and to support evidence-based policy making. The Office of the Chief Economist (OCE) leads these efforts through engagement with scholars, collaboration on research projects, and conference events. OCE also releases datasets on USPTO patents and trademarks to advance economic research on IP.
OCE released a working paper titled, “Competitive Dynamism in Nascent Markets: Trademarks and Superstar Firm Entry in the Metaverse.” This paper studies the firms filing for trademarks related to the early metaverse, and documents the impact of Facebook’s 2014 acquisition of Oculus on other firms’ metaverse activities. The analysis finds that Facebook’s entry led to a 10% decline in new metaverse trademarks; decomposing this average effect, larger firms were minimally impacted, while smaller firms and those involved in the import or export of physical goods experienced the largest declines.
For more information, read the working paper or the published article.
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