improvements in resource substitutes accelerate resource extraction. Sector-specific innovation activities are tantamount to …

of investment synergies, rather than innovation substitution, commercialization motives, or legal threats … attention. This paper fills that gap by asking how patent acquisitions interact with firm investment policy. I find that patent … more technological expertise and investment opportunities acquire more patents. Patent sales are the dominant type of …

-equation model in which firms make interdependent decisions in financing, investment, and distribution, under the constraint that … sources for innovation: young firms finance innovation through internal and external equity, while mature firms use cash flow … and debt for R&D financing. R&D and physical capital investment are likely to be complementary for mature, but not for …

expanded in both output and employment; (2) intangible capital investment increases in both sectors; (3) the economy …'s employment composition is shifting towards occupations engaging in intangible investment activities; (4) both sectors' labor …. Both results are consistent with the theory of the paper.The industry level data also indicates that the expanding service …

We document the decoupling of invention and post-invention investment in the US. Decoupling began in the 1970s as …

The relationship between competition and investment is generally characterized by an inverted-U relationship. The … position of these curves and, in particular their maximum, i.e, the degree of competition that maximizes investment, depends on … progress, as information technologies, maximize their investments in innovation for lower degrees of competition than other …

consumption and the role of innovation and imitation for private investment and economic growth. In either case, we detect both a … trivialer Kreislaufzusammenhänge. Anschließend demonstrieren wir für Konsum (Nacheifern vs. Abstand halten) und Investition … (Innovation vs. Imitation) die Tendenzen zu Konvergenz (Ungleichheitsaversion) und Divergenz (Gleichheitsaversion) in der …