sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs … acquire valuable ideas, develop them beyond the level incumbents would have chosen, and use patents to signal their companies …-run performance, but also infl ates their acquisition prices, and lowers their acquirers' overall profits. Patent law usefulness …

motivations to invent, and the actual use and economic value of the patents. …

measure of innovation alternative to patent count. Unlike the impact on patent count, we do not find that VC investment … impact on patent count at industry level, and this impact is larger than that of R&D expenditures. We confirm that this … and material. Therefore, our finding suggests that, at industry level, VC investment increases the patent propensity but …

invention, using data on U.S. patents’ Finnish inventors and the distance to the nearest technical university as an instrument …. We find a positive effect of engineering education on the propensity to patent, and a negative OLS bias. Our … patents by Finnish inventors. …

sectors (inter-sectoral spillovers), or at the international level. We find that innovation is strongly driven by knowledge … spillovers, especially those occurring at the national level. Wind and solar technologies exhibit distinct innovation … only influential in the case of wind technology. We also find evidence that public R&D stimulates innovation, particularly …

Patents are a useful but imperfect reward for innovation. In sectors like pharmaceuticals, where monopoly distortions … lower prices. Innovation prizes and other non-patent rewards are becoming more prevalent in government's innovation policy … seem particularly severe, there is growing international political pressure to identify alternatives to patents that could …

Internationally active firms rely intensively on trade credits even though they are considered particularly expensive …. This phenomenon has been little explored so far. Our theoretical analysis shows that trade credits can alleviate financial … international transactions. We use unique survey data on German enterprises to test the effect of the use of trade credits on firms …

Innovation is a crucial driver of urban and regional economic success. Innovative cities and regions tend to grow … small body of innovators gain relative to others, innovation may lead to inequality. The evidence on this point is … first comparative evidence on the link between innovation and inequality in a continental perspective. Using micro data from …