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The question I address in this paper is whether or not the patent marketplace is developing in a sustainable way that rewards inventors and business people according to the aims of past and current patent policy. This paper addresses developments in the private patent marketplace from a...
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bubbles, can lead to severe size distortionswhen using either fixed or automatic (based on information criteria) lag … housing bubbles compared to existing evidence …
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We study the genesis of the 2000s housing boom in Denmark, a country with a similar mortgage finance system to the U.S., but where subprime mortgages were absent, regulatory loan-to-value ratios were unchanged, and there was no reallocation of credit towards low income borrowers. Our results...
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document two ways the market valuation of innovation and its economic impact become disconnected during bubbles. Specifically … firms will succeed that reconciles both the facts, unlike existing models of bubbles. Optimal innovation policy during …Booming innovation often coincides with intense speculation in financial markets. Using over a million patents, we …
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This book examines the link between innovation and economic crises through a systemic philosophy of economic history … advancement of the internet. The author concludes by explaining how we can use knowledge of the links between innovation and …, innovation and political science …
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