To investigate the causal effect of benchmarking information, we carried out a randomized controlled trial among 194 owners of food stalls at 17 Singapore hawker centres from September 2019 to December 2020. Both control and treatment owners were informed of their own performance. Additionally,...

Entrepreneurs are reluctant to exit. How does information about peers, specifically, benchmarking, affect exit? To investigate this question, we carried out a randomized controlled trial of benchmarking among 194 food-stall owners in Singapore. Both control and treatment owners were informed of...

To encourage invention, society awards inventors exclusive rights through patents. Patent law trades off incentives to invent new technologies against reduced access to already invented technology. However, patent law being national, it is difficult to investigate the trade off without confound...

Theoretically, whether technology firms should increase external R&D in response to stronger patent law depends on the effects of law on returns to external and internal R&D. Exploiting geographical differences in the strengthening of patent protection due to the U.S. Court of Appeals for the...

How should businesses adjust strategic patenting to changes in patent law? Theoretically, under particular conditions, if the legal protection of patents is stronger, incumbent businesses would reduce patenting. When the Court of Appeals for the Federal Circuit assumed jurisdiction over patent...