sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs …-run performance, but also infl ates their acquisition prices, and lowers their acquirers' overall profits. Patent law usefulness …

measure of innovation alternative to patent count. Unlike the impact on patent count, we do not find that VC investment …For the sample period of 1965-1992, Kortum and Lerner (2000) find that venture capital (VC) investments have a positive … impact on patent count at industry level, and this impact is larger than that of R&D expenditures. We confirm that this …

We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is …

application to innovation, in an environment where an innovator (the host) repeatedly faces the same imitators (parasites), we … show that investment can take place even without patent protection, as parasites limit their imitation to preserve the …

behaviour is introduced. The innovation activity in the R&D sector involves knowledge externalities among skilled workers. Our … dispersion to agglomeration, innovation follows a much faster pace. As a consequence, even those who stay put in the periphery …

waves of the World Values Survey (1980 to 2005). We thus relate eleven indicators of individual openness to innovation … individual level, examining the relationship between religiosity and a broad set of pro- or anti-innovation attitudes in all five … innovation. …

Patent Offices to track inventors' locations over time and combine it with international effective top tax rate data. We … others, measures of patent quality and technological fit with each potential destination. We find that superstar top 1 …