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Employing a sample of renowned U.S. inventors that combines biographical detail with information on the patents they received over their careers, we highlight the impact of early U.S. patent institutions in providing broad access to economic opportunity and in encouraging trade in new...
Persistent link: https://www.econbiz.de/10012467721
For those who think of Cleveland as a decaying rustbelt city, it may seem difficult to believe that this northern Ohio port was once a hotbed of high-tech startups, much like Silicon Valley today. During the late nineteenth and early twentieth centuries, Cleveland played a leading role in the...
Persistent link: https://www.econbiz.de/10012467764
beyond its traditional focus on static efficiency to account for innovation and address dynamic efficiency. Innovation can … fundamentally affect merger analysis in two ways. First, innovation can dramatically affect the relationship between the pre …-merger marketplace and what is likely to happen if a proposed merger is consummated. Thus, innovation can fundamentally influence the …
Persistent link: https://www.econbiz.de/10012467980
Recent scholarship highlights the importance of institutions to the processes of economic growth, but the precise nature of their relationship bears further examination. This paper considers how the evolution of legal institutions has contributed to, and in turn been affected by, major...
Persistent link: https://www.econbiz.de/10012468347
Metamorphic progress (productivity growth much faster than average) is often driven by Grilichesian inventions of methods of inventing. For hybrid seed corn, the enabling invention was double-cross hybridization yielding highly productive seed corn that was not self-propagating. Biotechnology...
Persistent link: https://www.econbiz.de/10012468873
innovation. We identify significant patents based on textual similarity of a given patent to previous and subsequent work: these … aggregate, sectoral, and firm level. Our technology indices span two centuries (1840-2010) and cover innovation by private and …
Persistent link: https://www.econbiz.de/10012480917
development of new energy technologies (Popp, 2017). Energy innovation tends to consist of a series of partially overlapping …
Persistent link: https://www.econbiz.de/10012481080
What is the role of startups within the innovation ecosystem? Since 2000, startups have grown in their share of … ventures in the innovation process relative to more traditional alternatives such as academia and established private … generate predictions related to the value and impact of startup innovation. We then explore these predictions using patents …
Persistent link: https://www.econbiz.de/10013362016
, has emphasized the importance of patents as a primary driver of innovation. Recent improvements in empirical methodology … when patent rights have been too broad or strong, they have actually discouraged innovation. This paper summarizes the …
Persistent link: https://www.econbiz.de/10012456710
We develop a general equilibrium model that delivers realistic fluctuations in both the level as well as the dispersion in executive pay as a result of changes in the technology frontier. Our model recognizes that executives add value to the firm not only by participating in production...
Persistent link: https://www.econbiz.de/10012456876