This study investigates the relationship between product market competition and the market value of innovation using … firm-level patent data of US firms over the period 1977-2005. We find that there is an inverted U-shaped relationship … between competition and the value of innovation. Furthermore, we show that there is an "asymmetric" causal effect of …

in innovation activity in five newly industrialising countries (NICs) in Asia (China, India, Philippines, Thailand and … necessary to help policy makers, practitioners and scholars consider the relative levels of local innovation and the … contribution of IP to economic activity in the two regions. The article uses patent and utility model applications for both …

Examination — the process of reviewing a patent application and deciding whether to grant the requested patent … — improves patent quality in two ways. It acts as a substantive screen, filtering out meritless applications and improving … roles, the patent system has a substantial quality problem: it is both too easy to get a patent (because examiners grant …

Open innovation is the subject of increased scholarly debate. A lot of attention has thereby been paid to firm …-centered open innovation, characterized by a for-profit motive and the interplay between patents and contracts, resulting in … communities the present paper examines how the law can assist in establishing a new approach to open innovation (‘new' open …

We show that examiner-driven variation in patent rights leads to quantitatively large impacts on several patent … outcomes, including patent value, citations, and litigation. Notably, Patent Assertion Entities (PAEs) overwhelmingly purchase … conventional companies, and that also have higher invalidity rates. PAEs leverage a specific friction in the patent system, which …

exclusive license appears to be a signpost pointing out commercially relevant innovation pathways that nonlicensees follow with …

patentability standards at PTOs (Patent and Trademark Offices awarding so-called bad patents), not only “false innovators” have the … chance of being granted patents but also, and more interestingly, “true innovators” are forced to patent more intensively … distortions caused by bad patents. Moreover, we show that introducing a two-tiered patent system is unlikely to improve market …

This paper examines the impact of government assistance through R&D grants on innovation output for firms in New … the probability that a firm in the manufacturing and service sectors applies for a patent during 2005-2009, but no … the world while its effects on process innovation and any product innovation are relatively much weaker. Moreover, there …