develops a stylized model of mergers and acquisitions that predicts that the incidence of merger and acquisition deals depends … costs. These predictions are examined with bilateral merger and acquisition flow data and detailed information on policy … probability of merger and acquisition inflows but this negative effect is mitigated in countries with relatively large shares of …

The decade following India's accession to the World Trade Organization's Trade-Related Aspects of Intellectual Property … ushered in numerous changes to the country's patent system, culminating in a series of amendments in 2005. But a functioning … patent system is more than a statute. This paper discusses the steps that India must still take to develop an effective …

The authors present a database of indicators of innovative activity around the world since the early 1960s. The data …

The idea behind patent policies is to increase the output of commercially useful innovations by creating a transitory … types of considerations need to be addressed. First, there are issues of designing an appropriate patent system. This … intellectual property rights. Second, and more fundamentally, the investments that patent incentives trigger in research and …