three economic areas: USA, Japan and Europe and we select their environmental and dirty patents from European Patent Office … for international firms engaged both in environmental and in dirty activities. Firms' innovation, measured, as the … development of new patents, is a key factor behind the achievement of desired economic performances. Empirical literature usually …

The prize system for innovation has been criticized as impractical due to the lack of a workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinitely time domain as periodic bounties paid to holders of …

innovation for less than the full length of the patent and that royalty contracts can be used to overcome a time …

The prize system for innovation has been criticized as impractical due to the lack of any workable formula or algorithm … can function to duplicate Pareto optimality. Under this system, any bountiable innovation is placed in the public domain …, and the prize of innovation is dynamically amortized in an infinite time domain as periodic bounties paid to holders of …

This article assesses the rate of obsolescence of patents with measurements of the rate in Japan. Our study departs …

homogeneous good. One of the firms (patent holder) develops a cost reduction innovation (drastic or non-drastic) and got a patent … unjust enrichment (UE), both damage rules that are used by courts in the calculation of damages when a patent has been … for this innovation. Under the shadow of probabilistic property rights, It is founded that licensing by using royalty rate …

patent publications related to the innovation. Our estimate of the lower bound on the market valuation of iPhone is fairly … the publication of patent documents concerning iPhone can be observed. The evidence suggests that the value of iPhone …

We investigate the effect of quality of patents on the market value of firms represented by the Tobin's q. We consider … the number of objections as well as the number of citations. We construct the database of patent stock, citation …-weighted patent stock and objection-weighted patent stock. Our analysis is pioneering work involving Japanese data, as we were unable …

more patents and patent citations, and achieve greater innovative success for given research and development (R … over the 1993-2003 period, firms with overconfident CEOs have greater return volatility, invest more in innovation, obtain …&D) expenditure. Overconfident managers only achieve greater innovation than non-overconfident managers in innovative industries …

This paper examines the direction of causality between Venture Capital (VC) and innovation (proxied by patents) in … Europe. We test whether causality runs from patents to VC by estimating a linear dynamic panel model and causality from VC to … patents by estimating a panel count model. Evidence from a European sample indicates that causality runs from patents to VC …