This paper contributes to the literature on innovation policies and institutional theory on conditions for effective … are important explorations made by China in recent years to promote innovations and the commercialization of patents in … universities. The two reforms have adopted different models in the allocation of university patent ownership. The former completely …

Drawing insights from the field of innovation economics, we discuss the likely competitive environment shaping … stifling broad sectoral innovation. We conclude with speculations regarding how this oligopolistic future might be averted …

externalities but also by innovation market failures. This paper maps the economics literature on innovation market failures and …

-19% fewer citation-weighted patents over the following 10 years. This effect reflects a true loss in innovation rather than a …Worker mobility across firms can enhance innovation by spreading knowledge, but such mobility may also hinder … innovation by making firms reluctant to invest in R&D. A common way that firms limit workers' mobility is with noncompete …

patent)--and their hits tend to generate more follow-on patents assigned to other firms when compared to hits generated by …We use the U.S. patent data merged with firm-level datasets to establish new facts about the role of mega firms in … generating "novel patents"--innovations that introduce new combinations of technology components for the first time. While the …

This paper proposes a new measure of technological obsolescence using detailed patent data. Using this measure, we …, and reallocation of capital. This finding applies mainly for obsolescence of core innovation and embodied innovation, and … profits of obsolescent firms. The measure contains incremental information about firm innovation relative to measures focusing …

Do political connections affect firm dynamics, innovation, and creative destruction? We study Italian firms and their …: (i) firm-level balance sheet data; (ii) social security data on the universe of workers; (iii) patent data from the … European Patent Office; (iv) the national registry of local politicians; and (v) detailed data on local elections in Italy. We …

quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating …We provide evidence on the value of patents to startups by leveraging the random assignment of applications to … examiners with different propensities to grant patents. Using unique data on all first-time applications filed at the U …