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their effects on innovation, several merger proposals have been challenged due to their adverse innovation effects. In a … desirability of merger may depend on the effectiveness of the patent system and the cost of innovation. …
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We show a new way through which patent protection affects innovation. We show that patent protection may reduce the … final goods producers' incentives for innovation in industries with imperfectly competitive input markets. The input market …
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We study the evolution of patenting in China from 1985-2019. We use a Large Language Model to measure patent importance based on patent abstracts and classify patent ownership using a comprehensive business registry. We highlight four insights. First, average patent importance declined from...
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