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 …

. Obtaining external resources is a central issue for nascent entrepreneurs - people who are in the process of starting new … innovation to the financiers through patenting and prototyping activities, right in the early stages of the venture. We build a … new dataset of over 900 nascent entrepreneurs with information on financing from conventional sources as well as business …

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

The renewal of patents and their geographical scope for protection constitute two essential dimensions in a patent …’s life, and probably the most frequently used patent value indicators. The intertwining of these dimensions (the geographical … arbitrary choice on the second. This paper proposes a new indicator of patent value, the Scope-Year index, combining the two …

Single-sex classes within coeducational environments are likely to modify students' risk-taking attitudes in …

are likely to modify students' risk-taking preferences in economically important ways. To test this, we designed a … expected monetary value than the alternative outcome with a certain payoff - and in which the sensitivity of observed risk … preferences for risk-taking are indeed sensitive to whether the girl attends a single-sex or coed school. Girls from single …

more such innovations by entrepreneurs. Consequently, a venture capital market implies that more innovations are created …

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 …

paper, we analyze a two-stage innovation game between one incumbent and a large number of entrants. In the first stage … innovation. In the second stage, successful entrants bid to be acquired by the incumbent. We assume that entrants cannot survive …&D approaches than the incumbent and are more likely to generate the highest value innovation. Thus, the need of entrants to be …