We study the effect of stronger patent protection on innovation activities of firms and firm-product level markups …

between imitation and innovation. Using US patent data for the period 1977-2005, we find that there are inverted U …-shaped relationships between the degree of industry-level technological imitation and industry-level innovation activities and between the … degree of industry-level technological imitation and the value of firm-level innovation. Our results suggest that positive …

This study investigates the relationship between product market competition and the market value of innovation using … between competition and the value of innovation. Furthermore, we show that there is an "asymmetric" causal effect of … intensifying product market competition on the market value of innovation, using a quasi-natural experiment based on tariff …

innovation. The dataset is complemented with indicators of patent quality (patent renewal, forward citations, and patent family …

, innovation, and investment in complementary assets so that the market for inventions is a market for innovative control. Third …, patents as intangible real assets promote the financing of invention and innovation. The market foundation role of patents …

an incumbent firm - more precisely, of investors in that firm - facing innovation by inventors from outside its industry …. We demonstrate that the financial-market value of publicly traded firms depends on patented innovation by competitors …' patented innovation on the focal incumbent is qualitatively different than that of existing rivals' patented innovation on the …

subject of this study is an econometric analysis of the effects of innovation on firm performance. The main data source for … this analysis is the Ifo Innovation Survey, which has provided yearly, firm-level data on innovation since 1982. Following … two introductory chapters on innovation, the data set is introduced and explained in detail. Subsequent chapters analyze …

innovation. The dataset is complemented with indicators of patent quality (patent renewal, forward citations, and patent family …