-ups with experienced inventors holding a patent at the time of receiving the first round of investment produce the largest …

facts about the relationship between science and the value of inventions. First, we show that a patent that directly builds … on science is on average 2.9 million U.S. dollars more valuable than a patent in the same technology that is unrelated to … science. Based on the analysis of the patent text, we show second that the novelty of patents predicts their value, and third …

How important is information disclosure through patents for subsequent innovation? To answer this question, we examine … the expansion of the USPTO Patent Library system after 1975. Before the Internet, patent libraries gave inventors access … to patent documents. We find that after patent library opening, local patenting increases by 17% relative to control …

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 …

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 …