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Measuring the spillovers of venture capital

Schnitzer, Monika; Watzinger, Martin - 2017

We provide the first measurement of knowledge spillovers from venture capital-financed companies onto the patenting activities of other companies. On average, these spillovers are nine times larger than those generated by the R&D investment of established companies. Spillover effects are larger...

Persistent link: https://www.econbiz.de/10011762520

Bottlenecks: sectoral imbalances and the US productivity slowdown

Acemoglu, Daron; Autor, David H.; Patterson, Christina - 2023

Persistent link: https://www.econbiz.de/10014318606

The capital gains tax : a curse but also a blessing for venture capital investment

Bock, Carolin; Watzinger, Martin - 2017

Our study analyzes the effect of the capital gains tax on the individual investment decisions of venture capitalists. By doing so, we are able to study the decisions for a sample of 76,852 funding rounds in 32 countries from 2000 to 2012. Our results support the predictions of the theoretical...

Persistent link: https://www.econbiz.de/10011697451

How antitrust enforcement can spur innovation : Bell Labs and the 1956 consent

Watzinger, Martin; Fackler, Thomas; Nagler, Markus; … - 2017

harmful for innovation and if so, whether compulsory licensing can provide an effective remedy. The consent decree settled an …-on innovation building on Bell patents by 17%. This effect is driven mainly by young and small companies. Yet, innovation increased … only outside the telecommunications equipment industry. The lack of a positive innovation effect in the telecommunications …

Persistent link: https://www.econbiz.de/10011591035

Innovation under regulatory uncertainty : evidence from medical technology

Stern, Ariel D. - In: Journal of public economics 145 (2017), pp. 181-200

Persistent link: https://www.econbiz.de/10011745235

ICT, collaboration, and innovation : evidence from BITNET

Wernsdorf, Kathrin; Nagler, Markus; Watzinger, Martin - In: Journal of public economics 211 (2022), pp. 1-24

Persistent link: https://www.econbiz.de/10013331018

Mirage on the horizon : geoengineering and carbon taxation without commitment

Acemoglu, Daron; Rafey, Will - In: Journal of public economics 219 (2023), pp. 1-22

Persistent link: https://www.econbiz.de/10014282474

The breakup of the Bell System and its impact on US innovation

Watzinger, Martin; Schnitzer, Monika - 2022

We analyze the effects of the 1984 breakup of the Bell System on the rate, diversity, and direction of US innovation … diversity of telecommunications innovation increased. Total patenting by US inventors related to telecommunications increased by …

Persistent link: https://www.econbiz.de/10014458851

Distorted innovation: does the market get the direction of technology right?

Acemoglu, Daron - 2023

Persistent link: https://www.econbiz.de/10014245524