British biotechnology companies we have identified all patents filed at the European Patent Office (EPO). Applying hazard rate … attention to patent quality, financing those ventures faster which later turn out to have high-quality patents. Patent …This paper investigates how patent applications and grants held by new ventures improve their ability to attract …

, emphasizes knowledge as an economic object and, more generally, the economics of intellectual property rights. This paper argues …

We develop a model that incorporates salient features of growth in modern economies. We combine the expanding-variety … growth model through horizontal innovations with a hierarchy of basic and applied research. The former extends the knowledge … investments in basic research if applied research operates at the knowledge frontier. Second, long-run growth may be shaped by …

framework jointly predicts procyclical product variety and procyclical profits even for preference specifications that imply …

Models of product differentiation typically assume a demand for variety. This paper derives the demand for variety in a … activities. In contrast with previous models this generates a demand for variety that is price and income elastic. In … the assumption of no fixed costs of variety. …

-known quantities coherence and coherency. Dynamic correlation on a frquency band equals (static) correlation of band-pass filtered …

starting a new biotechnology firm. We conclude that the spillover of knowledge from the source creating it, such as a …This paper sheds light on the questions, Why does knowledge spill over? and How does knowledge spill over? The answer … to these questions lies in the incentives confronting scientists to appropriate the expected value of their knowledge …