This paper begins with a distinction between an "active-learning" framework and a "passive-learning" approach when employed as an evaluation of R D strategies. A simple decision-tree formulation is employed to gain insights on the essential differences of these two approaches. Numerical...

Many recent empirical studies have examined the effect of the patent system on R&D, innovation and patenting behavior. However, few micro-level empirical papers have addressed the impact of the patent system on industry structure. In this paper we build on our previous work to investigate merger...

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