Scientific knowledge is believed to be the wellspring of innovation. Historically, firms have also invested in research … to fuel innovation and growth. In this paper, we document a shift away from scientific research by large corporations … innovation. Large firms appear to value the golden eggs of science (as reflected in patents) but not the golden goose itself (the …

a package to other firms. Regulators favor pools as a means to encourage innovation: Pools are expected to reduce … the effects of a patent pool on innovation. Contrary to theoretical predictions, the sewing machine pool appears to have … discouraged patenting and innovation, in particular for the members of the pool. Data on stitches per minute, as an objectively …

's fairs between 1851 and 1915. Exhibition data show that the industry where an innovation is made is the single most important …

, has emphasized the importance of patents as a primary driver of innovation. Recent improvements in empirical methodology … when patent rights have been too broad or strong, they have actually discouraged innovation. This paper summarizes the …

What is the optimal system of intellectual property rights to encourage innovation? Empirical evidence from economic … existence of strong patent laws encourage innovation? And 2) May patent laws influence the direction - as opposed to the rate … innovations in developing countries, discourage innovation in the developing countries? This essay summarizes results of existing …

tolerance under the New Deal to investigate the effects of pools on innovation within 20 industries. Difference … discourage innovation by weakening competition to improve substitutes …

that pools encourage innovation in pool technologies, albeit at the cost of innovation in substitutes. Empirical evidence … innovations by new firms for a historical pool in the sewing machine industry (1856-1877) to examine effects on innovation …. Contrary to theoretical predictions, this analysis suggests that pools may discourage innovation in pool technologies and shift …