Classical patent literature assumes that patents grant well-defined legal rights to exclude others from practicing an … invention. In this scenario, start-up companies benefit from the exclusive right to commercialize patent-protected inventions … and the certification effect of patents which signals the ventures' “quality” to investors. If the decision about patent …

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 patents). At the same time, scholars point to the over-burdened patent offices, the growth …

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 patent disclosure requirements are not always rigorous, inventors may … sometimes be able to keep certain aspects of an invention secret, yet still receive a patent to the invention as a whole. Here …

We study higher-order risk preferences, i.e. prudence and temperance, next to risk aversion in social settings …. Previous experimental studies have shown that higher-order risk preferences affect the choices of individuals deciding … different social settings under controlled conditions. We elicit higher-order risk preferences of individuals and systematically …

Unethical behavior in organizations is usually associated with the risk of negative consequences for the organization … show that groups are clearly less compliant than individuals. The risk of being detected is the most important aspect in …

face of risk. The results indicate a significant number of violations of both principles. The violation rate when groups …

We examine the incentives for experimentation in the context of innovation and market competition. A monopolist chooses …-a-vis the socially optimal policy. Patents can control the pace of innovation and restore the efficient level of experimentation …. When the surplus from R&D is large, rewarding early-stage innovation limits socially wasteful investments. We offer a …