Showing 1 - 10 of 39
We examine the effect of prizes on innovation using data on awards for technological development offered by the Royal Agricultural Society of England at annual competitions between 1839 and 1939. We find large effects of the prizes on competitive entry and we also detect an impact of the prizes...
Persistent link: https://www.econbiz.de/10013067000
A long-standing controversy is whether leveraged buyouts (LBOs) relieve managers from short-term pressures from public shareholders, or whether LBO funds themselves sacrifice long-term growth to boost short-term performance. We examine one form of long-run activity, namely, investments in...
Persistent link: https://www.econbiz.de/10013067219
bodies and private firms. One little-explored empirical testing ground is the patent system. This paper examines the … administrative practices of patent offices in sixty countries over a 150-year period. I show that the usage of patent renewal fees … economies, and those where international trade is more important-incorporate discretionary features into their patent systems …
Persistent link: https://www.econbiz.de/10012471299
Despite their magnitude and potential economic impact, federal R&D expenditures outside of research universities have been little scrutinized by economists. This paper examines whether the series of initiatives since 1980 that have sought to encourage the patenting and technology transfer at the...
Persistent link: https://www.econbiz.de/10012471732
use in corporate finance research. But due to the complexities of patent data collection and the changing spatial and … industry composition of innovative firms, biases may be introduced. We highlight several patent-level biases induced by … truncation of reported patent awards and citations, affecting estimates of time trends and patterns across technology classes and …
Persistent link: https://www.econbiz.de/10012942704
use in corporate finance research. But due to the complexities of patent data collection and the changing spatial and … industry composition of innovative firms, biases may be introduced. We highlight several patent-level biases induced by … truncation of reported patent awards and citations, affecting estimates of time trends and patterns across technology classes and …
Persistent link: https://www.econbiz.de/10012943428
This paper is an initial exploration of the determinants of open source license choice. It first enumerates the various considerations that should figure into the licensor's choice of contractual terms, in particular highlighting how the decision is shaped not just by the preferences of the...
Persistent link: https://www.econbiz.de/10013217585
The paper builds a tractable model of a patent pool, an agreement among patent owners to license a set of their patents … to one another or to third parties. It first provides a necessary and suñcient condition for a patent pool to enhance …
Persistent link: https://www.econbiz.de/10013217929
We develop a unique dataset of 24 thousand U.S. finance patents granted over last two decades to explore the evolution and production of financial innovation. We use machine learning to identify the financial patents and extensively audit the results to ensure their reasonableness. We find that...
Persistent link: https://www.econbiz.de/10013220507
institutional change benefitted patent holders, explains the burst in U.S. patenting. Using both international and" domestic data on … patent applications and awards, we conclude that the evidence is not favorable" to the conventional view. Instead, it appears …
Persistent link: https://www.econbiz.de/10013223572