While patent systems have been widely used both historically and internationally, there is nonetheless a tremendous … amount of controversy over whether patent systems – in practice – improve the alignment between private returns and social … contributions. In this paper, I describe three parameters – how the disclosure function affects research investments, how patent …

This survey reviews the growing use of patent data in economic analysis. After describing some of the main … characteristics of patents and patent data, it focuses on the use of patents as an indicator of technological change. Cross … the distribution of patent values and the value of patent rights, the latter being based on recent analyses of European …

institutional change benefitted patent holders, explains the burst in U.S. patenting. Using both international and" domestic data on … patent applications and awards, we conclude that the evidence is not favorable" to the conventional view. Instead, it appears … that the jump in patenting reflects an increase in" U.S. innovation spurred by changes in the management of research …

-term performance. We investigate 495 transactions with a focus on one form of long-term activities, namely investments in innovation as … standard measures of patent quality, we find that patents granted to firms involved in private equity transactions are more …

estimation is over panel datasets of patent grants, and unpatented innovations that were submitted for prizes at the annual … hypothesis of spatial autocorrelation in patenting and in the exhibited innovations. In keeping with the contract theory of … hypothesize that the difference partly owes to the design of patent institutions, which explicitly incorporate mechanisms for …

Patent pools allow a group of firms to combine their patents as if they were a single firm. Theoretical models predict … that pools encourage innovation in pool technologies, albeit at the cost of innovation in substitutes. Empirical evidence … innovations by new firms for a historical pool in the sewing machine industry (1856-1877) to examine effects on innovation …

manufacturing firms over the 1980s and 1990s. Evidence from aggregate patent and R&D statistics and a micro-level analysis of R …

While many studies have looked at innovation and adoption of technologies separately, the two processes are linked … combines plant-level data on U.S. coal-fired electric power plants with patent data pertaining to NOx pollution control …