otherwise visible to society. We develop a structural model of initial and follow-on innovation to determine the effects of such … a shift in disclosure on overall welfare in industries characterized by cumulative innovation. We find that while … significant decline in follow-on innovation. …

We investigate the causal effect of patent rights on cumulative innovation, using large-scale data that approximate the … patent universe in its technological and economic variety. We introduce a novel instrumental variable for patent invalidation … that exploits personnel scarcity in post-grant opposition at the European Patent Office. We find that patent invalidation …

. Where licensing fails, follow-on innovation is blocked unless firms gain FTO through patent invalidation. Using large …We study the blocking effect of patents on follow-on innovation by others. We posit that follow-on innovation requires … freedom to operate (FTO), which firms typically obtain through a license from the patentee holding the original innovation …

to financing constraints, but also do not seem to benefit from a patent quality signal …

Skilled labor is a key input to the innovation process. A shortage in supply of skilled labor may hence impede … innovation activities, resulting in lower productivity gains. While governments are concerned about these likely negative impacts …, there is only limited empirical evidence whether and to what extent labor shortage affects innovation activities. The paper …

Established firms often face significant obstacles to innovation. As a solution, it has been suggested to form … monitored by their corporate sponsors, resulting in less favorable conditions for radical innovation …

Monitoring by institutional investors can act as an important mechanism to promote firm innovation. By investigating … innovation. Consistent with the monitoring view, we further find that:(1) the effect of institutional investors on firm patenting … robust when innovation quality is examined …

This paper investigates whether firms innovate persistently or discontinuously over time using an innovation panel data … set on German manufacturing and service firms for the period 1994-2002. We find that innovation behaviour is permanent at … innovation experience, the results further highlight the important role of knowledge provided by skilled employees and unobserved …

and measurement approaches used in the Community Innovation Surveys. While controlling for firm size, age and sector, we …

This paper is concerned with exploring the implications of replicability issues over the medical innovation process … institution governing the testing efforts. Research and innovation policy implications are discussed …