We measure the extent to which skilled immigrants increase innovation in the United States by exploring individual … immigrants patent at double the native rate, and that this is entirely accounted for by their disproportionately holding degrees …

-term performance. We investigate 495 transactions with a focus on one form of long-term activities, namely investments in innovation as … standard measures of patent quality, we find that patents granted to firms involved in private equity transactions are more …

Patent data have been widely used in research on technological innovation to characterize firms' locations as well as … based on patent class data, including Euclidean distance, correlation, and angle between firms' patent class distributions … biased and imprecise measures of proximity. We explore the effects of larger sample sizes and coarser patent class breakdowns …

's fairs between 1851 and 1915. Exhibition data show that the industry where an innovation is made is the single most important … patent. The discovery of the periodic table in 1869 offers an opportunity to test this idea. Exhibition data show that …

Patent protection spurs innovation by raising the rewards for research, but it usually results in less desirable … allocations after the innovation has been discovered. In effect, patents reward inventors with inefficient monopoly power. However … patent monopoly, competitive firms may engage in inefficient levels of non-price competition -- such as marketing -- when …

We take a first look at financial patents at the European Patent Office (EPO). As is the case at the US Patent and … firms in non-financial sectors with diversified patent portfolios own a large share of financial patents at the EPO. However … patent applications take longer and they are more likely to be refused by the patent office, suggesting greater uncertainty …

The development prospects of a poor country depend in part on its capacity for innovation. The productivity of its …-location and diaspora effects for accessing knowledge. Then, using patent citation data associated with inventions from India, we …

deadweight loss associated with the patent system and discourage innovation by others. Economic efficiency is promoted if rewards … the patent system designed to spur innovation by better aligning the rewards and contributions of patent holders … the social benefits of their innovations if innovation is to be suitably rewarded and encouraged. However, this paper …

While policymakers often assume venture capital has a profound impact on innovation, that premise has not been … address concerns that these results are an artifact of our use of patent counts by demonstrating similar patterns when other … measures of innovation are used in a sample of 530 venture-backed and non-venture-backed firms …