Chatelain, Jean-Bernard; Ralf, Kirsten; Amable, Bruno - In: EconStor Open Access Articles (2010), pp. 1094-1104
This paper studies how the assignment of patents as collateral determines the savings of firms and magnifies the effect of innovative rents on investment in research and development (R&D). We analyse the behaviour of innovative firms that face random and lumpy investment opportunities in R&D....
