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The objective of this paper is to show the necessity of reviving the debate on the economic justifications for patent … patent protection, and on the other hand, we believe that major changes to the patent law should be considered. Critical … review of the discussion on patents shows that the weaknesses of many arguments for patent protection, as well as the …
Persistent link: https://www.econbiz.de/10011428158
the standard-setting process and standard adoption. We propose the average total costs per patent family as an economic … increasing ownership concentration of SEP families is negatively associated with firms' average total costs per patent family …, suggesting that decreasing competition around SEP families might decrease firms' investments per patent family. We conclude that …
Persistent link: https://www.econbiz.de/10013420981
the new product and the patent holder obtains the entire value of product innovation. Second, we show that royalty …The objective of this paper is twofold. First, we study the patent hold-up problem in game-theoretic framework. We show … that in subgame perfect equilibrium of the patent hold-up game the innovating manufacturer exerts reduced effort to develop …
Persistent link: https://www.econbiz.de/10011428157
Persistent link: https://www.econbiz.de/10014363726
.S. rms we show that venture capital investment in start-ups generates signi cant spillovers on the patent quantity and …
Persistent link: https://www.econbiz.de/10010396675
Using fund-, firm- and bank-level data we investigate the investments of private equity (PE) funds in the north-western regions of Italy. Both the private equity fund managers and the PE investments are heavily concentrated in this most developed area of the country. The average size of the...
Persistent link: https://www.econbiz.de/10011399935
We study the macroeconomic effects of bank capital requirements in an economy with two banking sectors. Banks are connected through a wholesale funding market. Anticipated banking crises occur endogenously in the form of self-fulfilling wholesale funding rollover crises. Retail bank capital...
Persistent link: https://www.econbiz.de/10012099082
The market for external ratings is dominated worldwide as well as in the European Union (EU) by three major credit rating agencies (CRAs). These "Big Three" are Standard & Poor's (S&P), Moody's and Fitch Ratings. Due to the oligopolistic market structure and possible involvement in the 2008...
Persistent link: https://www.econbiz.de/10012288761
Using an international sample of more than 65,000 rating actions by Fitch, Moody's and S&P, we analyze the effect of the Dodd-Frank Act on credit ratings. We document that (i) rating report content changes significantly after Dodd-Frank and (ii) show, by exploiting within firm-quarter variation,...
Persistent link: https://www.econbiz.de/10012623180
Persistent link: https://www.econbiz.de/10014363785