sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs …-run performance, but also infl ates their acquisition prices, and lowers their acquirers' overall profits. Patent law usefulness …

Patent holders may choose to protect innovations with single patents or to develop portfolios of multiple, related … inventions. We propose a simple decision-making model in which patent-holders may allocate resources to either expanding the … returns to an increase of the number of inventions when firms perceive patent protection to be strong. Thus, a higher number …

This paper investigates how patent applications and grants held by new ventures improve their ability to attract … British biotechnology companies we have identified all patents filed at the European Patent Office (EPO). Applying hazard rate … analysis, we find that in the presence of patent applications, VC financing occurs earlier. Our results also show that VCs pay …

welfare implications of an international agreement on one or both policy instruments. High tariffs and low patent protection …-sum transfers, and lower mark-up. Both high tariffs and low patent protection reduce the incentives for firms to do R&D, and, hence …

private economic value of patents. The estimated mean of our patent value distribution is higher than 3 million Euros, the … skewed distribution of patent values. Our measure is significantly correlated with the number of patent citations, references …, claims, and countries in which the patent is applied. Citations explain value as much as the other three indicators combined …