How do political connections affect firm dynamics, innovation, and creative destruction? To answer this question, we … build a firm dynamics model, where we allow firms to invest in innovation and/or political connection to advance their …, where we merge: (i) firm-level balance sheet data; (ii) social security data on the universe of workers; (iii) patent data …

A surprisingly small number of innovative firms use the patent system. In the UK, the share of firms patenting among … consider patents or other forms of registered IP as important as informal IP for protecting inventions. We show that there are … market, and many sectors are not patent active. We find evidence pointing to a positive association between patenting and …

quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating …We provide evidence on the value of patents to startups by leveraging the quasi-random assignment of applications to … examiners with different propensities to grant patents. Using unique data on all first-time applications filed at the U …

Motivated by concerns that the patent system is hindering innovation, particularly for small inventors, this study … examination process significantly reduce firm growth, job creation, and innovation, even when a firm's patent application is … access to capital. Proposals for patent reform should consider these benefits of patents alongside their potential costs …

. Specifically, we examine litigation rates in a sample of patents disclosed to thirteen voluntary Standard Setting Organizations … (SSOs). We find that SSO patents have a relatively high litigation rate, and that SSO patents assigned to small firms are … and find that small-firm litigation rates increase following a patent's disclosure to an SSO while those of large firms …

pharmaceutical incumbents just before they lose patent protection. The approach involves looking at a cross-section of markets and … of drugs which lost patent protection between 1986 and 1992. Among the findings consistent with an entry deterrence … advertising immediately prior to patent expiration …

We present a model of endogenous firm growth with R&D investment and stochastic innovation as the engines of growth … literature, but also on the literature on patent races and the discrete choice models of product differentiation. We examine to …

innovation. Agents accumulate knowledge through two activities: innovation (discovering new technologies) and exploitation …