I introduce and analyze an equilibrium model of discovery, innovation, patenting and infringement. Firms that innovate must adapt complementary inputs, and are ex ante uncertain about whether adaptations will be costly and whether they will infringe other patents. If adaptation requires...

We analyze the influence of a regional economic integration agreement (REIA) on a firm's investments in research and development (R&D). A country's entry into a REIA creates two competing influences on the firm's R&D investments. On the one hand, increased competition in product markets after...

This paper constructs a model where entrepreneurial innovations are sold into oligopolistic industries and where adverse selection problems between entrepreneurs, venture capitalists and incumbents are present. We first show that aggressive development of a basic innovation by better informed...

This paper looks at organizational failures that appear rational to explain why firms do not coordinate intellectual property rights comprised of: utility patents, design rights, trade dress and trademarks

In recent years a great deal of attention has been paid to patent reform. This debate is exemplified by recent popular publications (Jaffe and Lerner, 2004; Bessen and Meurer, 2008), as well as publicized patent litigation such as the NTP v. Research-in-Motion patent litigation (the Blackberry...

Innovative workplace practices based on multi-tasking and ICT that have been diffusing in most OECD countries since the 1990s have strong consequences on working conditions. Available data show together with the emergence of new organizational forms like multi-tasking, the increase in the...

Open innovation is the practice of combining internal R&D efforts with external sources of knowledge. While project developers allocate effort between internal development and external knowledge processing, knowledge brokers search for relevant external ideas. When external knowledge is...

Previously, we introduced the concept of “data-generating patents,” which are patented inventions that by design produce valuable data through their operation or use. When holders of data-generating patents possess market power over the patented invention, they often indirectly enjoy market...

Patents and trade secrets are often considered economic substitutes. Under this view, inventors can decide either to maintain an invention as a trade secret or seek a patent and disclose to the public the details of the invention. However, a handful of scholars have recognized that because the...

The purpose of this paper is to provide a broad understanding of the concept and process of sustainability-oriented innovation (SOI). It provides a useful starting point for people aiming to invest human, financial, and other resources in innovations that improve the world. While we build on the...