The aim of this paper is to empirically evaluate the US interindustry knowledge spillover using the NBER patents data file (1963-1999). Reputing the patent backward citations as a good proxy of the patent's knowledge spillover, we proceed by building a time series to each US manufacturing...

Innovation is a complex process and has multiple dimensions. In assessing the linkage between innovation and productivity, most of studies, due to data limitations, use only one single indicator to measure innovation. This paper argues that this practice may systematically bias against certain...

We model the conditions under which incumbent firms may purposefully create an intellectual property (IP) commons such that no firm has the incentive to invest in new product development, despite the potential profitability of a public sector invention. The strategy of spoiling incentives to...

The paper proposes a new type of R&D cooperation between firms endowed with asymmetric spillovers, which we call symmetric Research Joint Venture (RJV) cartelization, based on reciprocity in information exchange. In this setting, firms coordinate their R&D expenditures and also share...