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This paper discusses the incentives for innovation when liability is limited or not. Clearly innovative activity …
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Tournaments are often used to improve performance in innovation contexts. Tournaments provide monetary incentives but … salience of team identity, social image concerns, and whether teams face monetary incentives. Increased salience of team … identity does not improve performance. Social image motivates the top performers. Additional monetary incentives improve all …
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We study how profit taxation affects plants' R&D spending and innovation activities. Relying on geocoded survey panel … effects across the plant size distribution questions policy makers common practice to link targeted R&D tax incentives to …
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We document the occurrence of process claims in granted U.S. patents over the last century. Using novel data on the type of independent patent claims, we show an increase in the annual share of process claims of about 25 percentage points (from below 10% in 1920). This rise in process intensity...
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