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of innovation and imitation, we explore how inventive capability affects a firm's R&D investments, and thus whether and … innovation and the division of innovative labor among US manufacturing firms, we find that high capability firms tend to use …
Persistent link: https://www.econbiz.de/10012480704
At least since Arrow (1962), the effects of appropriability on invention have been well studied, but there has been little analysis of the effect of appropriability on the commercialization of existing inventions. Exploiting a database of 805 attempts by private firms to commercialize inventions...
Persistent link: https://www.econbiz.de/10012468963
Do large firms produce more valuable inventions, and if so, why? After confirming that large firms indeed produce more valuable inventions, we consider two possible sources: a superior ability to invent, or a superior ability to extract value from their inventions. We develop a simple model that...
Persistent link: https://www.econbiz.de/10013362008
This paper proposes a theoretical framework for studying the invention of new products when demand is uncertain. In this framework, under general conditions, the threat of ex post entry by a competitor can deter invention ex ante. Asymmetric market power in the ex post market exacerbates the...
Persistent link: https://www.econbiz.de/10005134408
We characterize the contribution of immigrants to US innovation, both through their direct productivity as well as … Number is assigned. We find immigrants represent 16 percent of all US inventors, but produced 23 percent of total innovation … premature inventor deaths, we find that immigrant inventors create especially strong positive externalities on the innovation …
Persistent link: https://www.econbiz.de/10013477290
We document political sentiment effects on US inventors. Democratic inventors are more likely to patent (relative to Republicans) after the 2008 election of Obama but less likely after the 2016 election of Trump. These effects are 2-3 times as strong among politically active partisans and are...
Persistent link: https://www.econbiz.de/10014337851
increase mirroring the social cost of carbon. We find that the induced clean innovation response primarily comes from existing …
Persistent link: https://www.econbiz.de/10014421213
While policymakers often assume venture capital has a profound impact on innovation, that premise has not been … measures of innovation are used in a sample of 530 venture-backed and non-venture-backed firms …
Persistent link: https://www.econbiz.de/10012471966
The growth in inventive activity during early American industrialization is explored by examining the careers of 160 inventors credited with important technological discoveries. Analysis of biographical information and complete patent histories through 1865 indicates that these 'great inventors'...
Persistent link: https://www.econbiz.de/10012474791
This paper summarizes a number of studies which use patent data to examine different aspects of technological change. It describes our firm level data set construction effort; reports on the relationship between RLD expenditures and the level of patenting; analyzes the relationship between...
Persistent link: https://www.econbiz.de/10012476987