Chatelain, Jean-Bernard; Ralf, Kirsten; Amable, Bruno - In: Journal of Economic Dynamics & Control 34 (2010) 6, pp. 1094-1104
patent and trademark office that minimizes the legal uncertainty surrounding patents as collateral and maximizes the growth …This paper studies how the assignment of patents as collateral determines the savings of firms and magnifies the effect … face random and lumpy investment opportunities in R&D. High growth rates of innovations, possibly higher than the real rate …