We study the causal impact of invalidating marginally valid patents during post-grant opposition at the European Patent … participation of a patent's original examiner in the opposition division as an instrument. We find a disciplinary effect of … invalidation: Affected inventors file 20% fewer patent applications in the decade after the decision. This effect is entirely …

Innovation is part idea generation and part development. We build a model of "innovating-by-doing," whereby ideas come … to practitioners. Successful innovation requires that practitioners' ideas be developed through costly effort. Our model ….S. Medicare program on medical equipment innovation. Our model’s structure allows us to infer the Medicare program's aggregate …

increase mirroring the social cost of carbon. We find that the induced clean innovation response primarily comes from existing …

in imports from China on innovation in the US manufacturing sector. We combine patent, firm and trade data during 1990 … positive effect on firm innovation, as measured by citation-weighted patent applications. This positive effect persists when we …-wage countries, especially China. Does this competition hurt or help innovation by firms? This paper studies the effect of the surge …

countries can simultaneously use patent boxes and R&D subsidies to promote innovation. We show that when countries set their tax … policies unilaterally, innovation is fostered, at the margin, only by the R&D subsidy. The patent box tax rate is instead …Many countries have introduced patent box regimes in recent years, offering a reduced tax rate to businesses for their …

patent application. The analysis is based on patent data from the Norwegian Industrial Property Office merged with data from … for confounding factors. The first patent application by a young firm is associated with significant growth in employment … three years ahead of the first patent application. However, we find no evidence of additional firm growth after patent …

received over their careers, and employed to highlight the implications of patent institutions for markets in inventions and … for democratization. The United States deliberately created a patent system that differed from existing European systems … in ways that significantly affected the course of technological change. Patent rights in the U.S. helped to define and …