Cheng, Hua; Gawande, Kishore; Seo, Haram - 2023
political benefits. We argue that firms, especially large ones, can strategically time their innovation efforts to create false … signals to pursue subsidies; they can achieve this by temporarily inflating patent applications at a low cost, for instance …, by pushing out their dormant or late-stage existing inventions, rather than engaging in genuine and costly innovation …