The number of patent applications and "bad" patents issued has been rising rapidly in recent years. Based on this trend …, we study the overload problem within the Patent Office and its consequences on the firms' R&D incentives. We assume that …&D, opportunistic patent applications and the issuance of bad patents. Multiple equilibria often coexist, which deeply undermines the …

How do financial markets respond to firms' efforts at innovation ? To answer this question, we measure innovation by …. Whilst standard regression techniques find a positive relationship between innovation and growth, quantile regression … and show that these firms owe a lot of their success to their previous efforts at innovation. However, there are also …

information goods, based on von ippel's user-as-innovator principle (1988): as users benefit from innovation, they have incentive … to produce it, and as they can expect cumulative innovation on their own proposition, they have incentive to share it …

This paper examines the incentives from stock options for loss-averse employees subject to probability weighting …, the model predicts that incentives are maximized for strike prices set around the stock price at inception. This finding … accommodating their existence. The paper also examines the relationship between risk taking incentives and stock options and finds …

This paper examines the incentives from stock options for loss-averse employees subject to probability weighting …, the model predicts that incentives are maximized for strike prices set around the stock price at inception. This finding …

This paper examines the incentives from stock options for loss-averse employees subject to probability weighting … incentives are maximized for strike prices set around the stock price at inception. This finding is consistent with companies … examines the relationship between risk taking incentives and stock options and finds that an executive who is subject to …