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,786 public corporations, and measures of both patent quality and patent value, we find that, while average invention value rises …
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effect on innovation. We develop a simple "trapped factor" model of innovation that is consistent with these empirical …
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information about cooperative licensing and the timing of patent allowances (the administrative event when patent rights are … significantly increases after patent allowance. Moreover, the impact of the patent system depends on the strategic and institutional … environment in which firms operate. Patent allowance seems to play a particularly important role for technologies with longer …
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