,786 public corporations, and measures of both patent quality and patent value, we find that, while average invention value rises …

effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …

information about cooperative licensing and the timing of patent allowances (the administrative event when patent rights are … significantly increases after patent allowance. Moreover, the impact of the patent system depends on the strategic and institutional … environment in which firms operate. Patent allowance seems to play a particularly important role for technologies with longer …

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 …

innovation can be systematically distorted. This paper builds a simple model of endogenous technology, which generalizes existing … comparative static results and characterizes potential distortions in the direction of innovation. I show that empirical findings …

Understanding factors affecting the direction of innovation is a central aim of research in the economics of innovation … several contexts for research in innovation. We benchmark and demonstrate the benefits of this approach in the context of 44 …