We review the role of R&D in endogenous growth theory, and describe extant empirical research – macro and micro …

private economic value of patents. The estimated mean of our patent value distribution is higher than 3 million Euros, the … skewed distribution of patent values. Our measure is significantly correlated with the number of patent citations, references …, claims, and countries in which the patent is applied. Citations explain value as much as the other three indicators combined …

We show that when the researcher’s (observable but not contractible) contribution to innovation is crucial, a covenant …

This paper investigates how patent applications and grants held by new ventures improve their ability to attract … British biotechnology companies we have identified all patents filed at the European Patent Office (EPO). Applying hazard rate … analysis, we find that in the presence of patent applications, VC financing occurs earlier. Our results also show that VCs pay …

simple model of cumulative innovation is presented where technology spillovers arise endogenously through labour mobility. It … to develop an innovation is neither very high nor very low. Trade secret protection based on punitive damages is, except …

distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …

the market, and therefore, R&D becomes appropriable. Even though the innovation level remains the same as under free trade …