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We examine the impact of competition laws on innovation. We create a unique firm-level dataset on patenting activities … competition laws are stronger among firms that are better positioned to access external finance to invest in innovation, e … more averse to the firm making risky investments in innovation. Our results also hold when using a country-industry dataset …
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We assess whether restrictions on insider trading accelerate or slow technological innovation. Based on over 75 … innovation — as measured by patent intensity, scope, impact, generality, and originality. Furthermore, the evidence is consistent … with the view that restricting insider trading accelerates innovation by improving the valuation of, and increasing the …
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the rate of technological innovation. Based on over 75,000 industry-country-year observations across 94 economies from … 1976 to 2006, we find that enforcing insider trading laws spurs innovation—as measured by patent intensity, scope, impact …, generality, and originality. Consistent with theories that insider trading slows innovation by impeding the valuation of …
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A large literature asserts that standard essential patents (SEPs) allow their owners to “hold up” innovation by … innovation in SEP-reliant industries. We find no empirical support for either prediction. Indeed, SEP-reliant industries have the …
Persistent link: https://www.econbiz.de/10013024504
A central debate in economics concerns the relationship between competition and innovation, with some stressing that … competition discourages innovation by reducing post-innovation rents and others emphasizing that more contestable markets spur … currently dominant and other firms to invest more in innovation. We examine the impact of competition laws on innovation. We …
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