We estimate the effect of patent protection on follow-on investments in corporate scientific research. We exploit a new … method for identifying an exogenous reduction in the protection a granted patent provides. Using data on public, research …-active firms between 1990 and 2015, we find that firms decrease follow-on research after a reduction in patent protection, as …

This paper analyzes the relationship between technology licensing and the effectiveness of patent protection. Using the … the patenting and licensing decisions are jointly determined. We find that increases in the effectiveness of patent … unimportant. In contrast, for firms better positioned to bring new technologies to market, increases in patent effectiveness …

We analyze the effect of patenting on R&D with a model linking a firm's R&D effort with its decision to patent … on R&D of changing that premium. Although patent protection is found to provide a positive premium on average in only a …

We analyze the effect of patenting on R&D with a model linking a firm's R&D effort with its decision to patent … on R&D of changing that premium. Although patent protection is found to provide a positive premium on average in only a …