-traditional functions fulfill important roles. This questions the relevance of domestic patent systems, and indicates the need to reassess … the costs and benefits of the patent system, the use of patents as innovation indicators, and the need for more research …

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 …

The objective of this paper is to show the necessity of reviving the debate on the economic justifications for patent … patent protection, and on the other hand, we believe that major changes to the patent law should be considered. Critical … review of the discussion on patents shows that the weaknesses of many arguments for patent protection, as well as the …

determined by the outcome of a patent race. The specific setting of the model is that of managing microbial resistance to …-state of resistance. In practice, however, the management of the resistance stock is left to an industry operating under a … system of intellectual property rights (IPR). There, firms are involved in a sequence of patent races to supply the …