A major source of research funding for university professors are competitive research grants. With focus on Luxembourg, we present results from a difference-in-difference analysis which show that research grants by the Luxembourg National Research Fund (FNR), the central research funding agency...

How does the publication of patents affect innovation? We answer this question by exploiting a large-scale natural experiment--the passage of the American Inventor's Protection Act of 1999 (AIPA)--that accelerated the public disclosure of most U.S. patents by two years. We obtain causal...

How does the publication of patents affect innovation? To answer this question, we exploit a large-scale natural experiment — the passage of the American Inventor's Protection Act (AIPA) — that accelerated the public disclosure of most patents in the U.S. by two years. After the passage of...