similar patents, and patent applications are less likely to be abandoned post-AIPA, suggesting a reduction in duplicative R …&D. Firms exposed to longer patent grant delays increased their R&D investment more after AIPA. We estimate AIPA increased … with the predictions of our theoretical framework which models patent publication as provisioning current information about …

.S. Patent Office since 2001, we find that startups that win the patent “lottery” by drawing lenient examiners have, on average …, 55% higher employment growth and 80% higher sales growth five years later. Patent winners also pursue more, and higher … quality, follow-on innovation. Winning a first patent boosts a startup’s subsequent growth and innovation by facilitating …

We show that the acquisition of a startup inventor's first patent has a negative effect on the subsequent productivity … of the patent's inventor, leading to 6.7 fewer patents being granted to the inventor over five years. This effect is not … patent examiners ask them to cite, and examiners are more likely to cite patents that they have reviewed in the past. When …

strategic patenting over time and across industries. With received citations as a measure of patent social value, we use data … strategy reveals there was an almost universal drop in patent social value in the second half of the 1990s, signaling a shift … companies increasing their focus on patent value relative to companies from other industries. On average, aerospace and software …

We investigate the effect of patent disclosures on corporate innovation. Using the American Inventor's Protection Act … (AIPA) as a shock that increased patent disclosures, we find an increase in innovation for firms whose rivals reveal more … the law. These findings suggest patent disclosures generate both spillover benefits and proprietary costs. Our findings …

the intellectual property rights of others. Patent thickets can thwart ongoing innovation, however, and throughout the … last 150 years, firms have stumbled into a number of patent thickets. Occasionally those firms responded by constructing … patent pools, which are organizational structures where multiple firms collectively aggregate patent rights into a package …

Patent Office exercises regularly and effectively: technology classification. This agency-court asymmetry has persisted for … decades but has now become unmanageably problematic for two related reasons. First, Supreme Court guidance, patent reform … legislation, and academic commentary have all broadly rejected long-standing patent exceptionalism in administrative law, while …