risk for innovation decisions. Our analysis uses a risk measure and a new outcome-independent measure of ambiguity. We find …. We also find a significant positive effect of risk on R&D, but the effect of risk on patents and citations is negative …

to characterize both diffusion ambiguity and jump ambiguity and the multiple priors utility framework to model agents …

. Lesser forms of patent protection for inventions, namely, utility models or short term or petty patents, constitute one of … such rights are necessary to foster innovation in a capitalist economy. The article further asserts that such utility …