This article presents the results of an analysis of the patent trading flows of small and large firms and the determinants of these firm's patent sale and acquisition decisions. We also examine whether these transactions lead to an excessive concentration of patent rights. We show that small...

Standard measures of poverty may reveal nothing about whether the poorest of the poor are being lifted-up or left-behind, yet this is a widespread concern among policy makers and citizens. The paper assesses whether public spending on social protection benefits the poorest and hence lifts the...

The paper provides the first assessment of: (i) America's progress in lifting the lower bound—the floor—of the distribution of real income; (ii) whether the country's largest antipoverty program, SNAP (“food stamps”), helped do so. An operational method of estimating the floor is...