Patent citations often proxy for the value of innovation, and the very need for a proxy demonstrates the difficulty of getting direct measures. We value patents using novel data from non-practicing entities (NPEs) licensing revenues, the largest sample with direct measures analyzed to date. We...

Technology has radically changed the way in which human relationships develop and its non-stopping progress is set to affect us more and more in the future. Regarding the world of work, the evolution of the Information and Communications Technologies (ICT) has encouraged a transformation and...

Spanish Abstract: El avance y la masificación en el uso de las Tecnologías de la Información y la Comunicación (TICs) ha modificado enormemente la forma en que las relaciones humanas se desarrollan, y continuará haciéndolo en el futuro. En lo que respecta al campo del derecho del trabajo,...

Prior work suggests that more valuable patents are cited more and this view has become standard in the empirical innovation literature. Using an NPE-derived dataset with patent-specific revenues we find that the relationship of citations to value in fact forms an inverted-U, with fewer citations...

This paper studies how CEO pay and its composition is shaped by strategic factors related to the firm's capacity to generate rents and value, the uncertainty of its resource advantage, and the competitive interaction between firm stakeholders and top management. This is done using an analytical...

This is an introduction to a forthcoming edited volume on Governing Markets as Knowledge Commons. We develop a theoretical framework for the analysis of the production, reproduction, and transformation of intellectual and legal infrastructures that enable market interactions using the Governing...

It is well known that innovation law and policy must strike a balance between incentivizing inventions on the one hand, and granting monopolies to successful innovators on the other. In achieving this balance, it is commonly presumed that actors in innovation markets respond to their economic...

The franchisor-franchisee relationship is unique in that it has characteristics of both an arm's length business transaction as well as an ongoing business relationship. As time goes by, however, the interests of the parties may diverge. It is in the franchisees' interest to make their...