We examine the relationship between product liability litigation and innovation by systematically combining data on …

Liability laws designed to compensate for harms caused by defective products may also affect innovation. We examine … negative impact on downstream innovation in medical implants, but it had no significant effect on upstream polymer patenting … effect on downstream innovation …

questions about the pro-cyclicality of VC and its implications for innovation, especially in light of the common narrative that … VC is relatively insulated from public markets. We find that the implications for innovation are not benign: innovation … discussion on the nature of innovation across business cycles …

" about future performance and standard measures of corporate innovation. We begin by developing a career concern model where … probability of failure, are more likely to pursue innovation, and that this effect is larger in more competitive industries. We …

We study the causal impact of patent invalidation on subsequent innovation and exit by the patent holder. The analysis …

We review the recent literature on the financing of innovation, inclusive of large companies and new startups. This … related to innovation. We highlight the new literature on learning and experimentation across multi-stage innovation projects … innovation and changing external conditions, especially reduced experimentation costs …

Cumulative innovation is central to economic growth. Do patent rights facilitate or impede follow-on innovation? We …. Patent rights block downstream innovation in computers, electronics and medical instruments, but not in drugs, chemicals or … triggers more follow-on innovation by small firms …