sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs …-run performance, but also infl ates their acquisition prices, and lowers their acquirers' overall profits. Patent law usefulness …

innovation policy in the context of EU economic law (competition policy, intellectual property law, sector regulation). As such … law that moves beyond apparent conflicts and assumes innovation as the starting point. Taking this as the foundation, the … analytical grid to be used to identify ways in which economic law impacts innovation, and second an applied component that …

This paper examines patent protection in an endogenous-growth model. Our aim is two-fold. First, we show how the patent … policies discussed by the recent patent-design literature can influence R&D in the endogenous-growth framework, where the role … of the patent-design literature. In a general-equilibrium model, both incentives to innovate and monopoly distortions …

We show that when the researcher’s (observable but not contractible) contribution to innovation is crucial, a covenant …

This paper quantifies the relationship between market size and innovation in the pharmaceutical industry. We estimate … the elasticity of innovation, as measured by the number of new chemical entities appearing on the market for a given … acting on their behalf such as insurers and governments) to spend on their treatment during the patent lifetime. We find …

A large portion of innovators do not patent their inventions. This is a relative puzzle since innovators are often … and can account for the differences across sectors in the propensity to patent. Surprisingly, in general, the protection …

We construct a competitive model of innovation and growth under constant returns to scale. Previous models of growth … under constant returns cannot model technological innovation. Current models of endogenous innovation rely on the interplay … innovation and sees the non-rivalrous nature of ideas as a natural conduit to increasing returns. The results here challenge the …

innovations by taking more time to perform their reviews. We study the relationship between the length of patent review and the … importance of inventions in a theoretical model. We build a simple model of the US patent review process. The model predicts that …, controlling for a patent's position in the new technology cycle, more important innovations would (and should) be approved more …

may even reduce welfare. The reason is that it crowds our proprietary innovation, which on net may reduce total innovation …