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Ascertaining whether patents encourage invention necessitates understanding the incentives inventors respond to. The … of patentees. Inventors responded to demand-side conditions, and the system's expense did not hinder invention. …
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Based on an established theoretical framework of the drivers of inventive performance, the so-called KSAO (Knowledge, Skills, Abilities, and Other) factors, this paper seeks to explain empirically the performance of inventors throughout their careers. We combine survey information spanning the...
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