distorts occupational choice. We study this possibility in the context of a model with horizontal innovation, where the …

innovation. Intellectual property rights protection allows the incumbent firms to capture part of the rents of commercial … exploration that would otherwise accrue to the entrepreneurs. Stronger patent protection will increase the incentive to do R&D and … generate new knowledge. This has a positive impact on entrepreneurship and innovation. However, after some point, further …

forward protection reduces the rate of innovation and imposing a nonobviousness requirement reduces R&D spending. It is shown … that full protection against imitation, granted independently of the size of the lead, maximizes the average innovation …

mechanisms for medium inventions, and patent their most important innovations. This result reestablishes the traditional view …

public interest aspect and human rights implications while granting injunctions in patent litigation. Moreover, it asserts … that the courts should exercise prudence in granting injunctive relief in cases involving patent infringement, and take …

the costs and benefits of the patent system, the use of patents as innovation indicators, and the need for more research …The role patents play for innovation is not clear, but patenting activity has increased in the last decades. This … article reviews the empirical evidence on traditional and novel roles of patents to assess their impacts on innovation in …

This paper investigates how patent applications and grants held by new ventures improve their ability to attract … British biotechnology companies we have identified all patents filed at the European Patent Office (EPO). Applying hazard rate … analysis, we find that in the presence of patent applications, VC financing occurs earlier. Our results also show that VCs pay …

reflect these empirical findings and examine the effects of innovation policy. While subsidies to frontier firms discourage … knowledge diffusion from these firms to technologically lagging firms, these subsidies also encourage innovation within frontier …