Farre-Mensa, Joan; Liu, Zack; Nickerson, Jordan - 2022
We show that the acquisition of a startup inventor's first patent has a negative effect on the subsequent productivity … of the patent's inventor, leading to 6.7 fewer patents being granted to the inventor over five years. This effect is not … due to the inventor focusing on high-quality patents—in fact, the opposite appears to be the case. Our novel …