We investigate the causal effect of patent rights on cumulative innovation, using large-scale data that approximate the … patent universe in its technological and economic variety. We introduce a novel instrumental variable for patent invalidation … that exploits personnel scarcity in post-grant opposition at the European Patent Office. We find that patent invalidation …

otherwise visible to society. We develop a structural model of initial and follow-on innovation to determine the effects of such … a shift in disclosure on overall welfare in industries characterized by cumulative innovation. We find that while … significant decline in follow-on innovation. …

. Where licensing fails, follow-on innovation is blocked unless firms gain FTO through patent invalidation. Using large …We study the blocking effect of patents on follow-on innovation by others. We posit that follow-on innovation requires … freedom to operate (FTO), which firms typically obtain through a license from the patentee holding the original innovation …

Skilled labor is a key input to the innovation process. A shortage in supply of skilled labor may hence impede … innovation activities, resulting in lower productivity gains. While governments are concerned about these likely negative impacts …, there is only limited empirical evidence whether and to what extent labor shortage affects innovation activities. The paper …

product development process. HCs do not invest more into innovation, but achieve higher innovation success. The higher …

Process innovation is an important part of firms’ innovation activities and supposed to significantly contribute to … positive returns from innovation. Measuring process innovation output at the firm level is still in its infancy, however. This … paper reports empirical evidence on measures of process innovation output that have been collected in the German part of the …

This paper is concerned with exploring the implications of replicability issues over the medical innovation process … institution governing the testing effort. Research and innovation policy implications are discussed. …

Public procurement accounts for 15 to 20 percent of global GDP and is considered an effective innovation policy …

We study the evolution of patenting in China from 1985-2019. We use a Large Language Model to measure patent importance … based on patent abstracts and classify patent ownership using a comprehensive business registry. We highlight four insights …. First, average patent importance declined from 2000-2010 but has increased more recently. Second, private Chinese firms …