Showing 1 - 10 of 1,118
This paper uses a large language model to develop an ex-ante measure of the commercial potential of scientific findings. In addition to validating the measure against the typical holdout sample, we validate it externally against 1.) the progression of scientific findings through a major...
Persistent link: https://www.econbiz.de/10014512116
We introduce new historical administrative data identifying U.S. government-funded patents since the early twentieth … century. In addition to the funding agency, the data report whether the government has title to the patent ("title" patents …) or funded a patent assigned to a private organization ("license" patents). The data include a large number of "license …
Persistent link: https://www.econbiz.de/10014486228
Do large firms produce more valuable inventions, and if so, why? After confirming that large firms indeed produce more valuable inventions, we consider two possible sources: a superior ability to invent, or a superior ability to extract value from their inventions. We develop a simple model that...
Persistent link: https://www.econbiz.de/10013362008
We examine the impact of lost intellectual property protection on innovation, competition, acquisitions, lawsuits and … employment agreements. We consider firms whose ability to protect intellectual property (IP) using patents is weakened following … the Alice Corp. vs. CLS Bank International Supreme Court decision. This decision has impacted patents in multiple areas …
Persistent link: https://www.econbiz.de/10013462719
We provide evidence that over the past 30 years, U.S. firms have expanded their scope of operations. Increases in scope and scale were achieved largely without increasing traditional operating segments. Scope expansion significantly increases valuation and is primarily realized through...
Persistent link: https://www.econbiz.de/10013462720
generate predictions related to the value and impact of startup innovation. We then explore these predictions using patents …What is the role of startups within the innovation ecosystem? Since 2000, startups have grown in their share of … ventures in the innovation process relative to more traditional alternatives such as academia and established private …
Persistent link: https://www.econbiz.de/10013362016
Do stronger intellectual property rights incentivize female participation in innovation? We provide new evidence on … this question using a unique database of artificial intelligence patents publicly shared by the USPTO. Our identification … significant rise in the number of female inventors and an increase in the number of patents with females on inventor teams vis …
Persistent link: https://www.econbiz.de/10014576575
We study how individual inventors respond to incentives to work on "clean" electricity technologies. Using natural gas … increase mirroring the social cost of carbon. We find that the induced clean innovation response primarily comes from existing …
Persistent link: https://www.econbiz.de/10014421213
-19% fewer citation-weighted patents over the following 10 years. This effect reflects a true loss in innovation rather than a …, suggesting that any gains from enhanced incentives to invest are more than offset by other ways that NCAs slow down innovation …Worker mobility across firms can enhance innovation by spreading knowledge, but such mobility may also hinder …
Persistent link: https://www.econbiz.de/10014322874
We document political sentiment effects on US inventors. Democratic inventors are more likely to patent (relative to Republicans) after the 2008 election of Obama but less likely after the 2016 election of Trump. These effects are 2-3 times as strong among politically active partisans and are...
Persistent link: https://www.econbiz.de/10014337851