We examine the diversification of administrative and procedural costs on patent stock using a large dataset from the European Patent Office with 15,000 firms for the period between 1995 and 2015. The results reveal that administrative and procedural costs are significant for firm-level patenting...

CHAPTER 1: Introduction -- Part I. Conceptual framework -- CHAPTER 2. Economic Analysis of Law -- CHAPTER 3. The Case for Regulatory Intervention and its Limits -- CHAPTER 4. Introduction to the Generative Artificial Intelligence Systems -- Part II. Generative Artificial Intelligence and Key...

Do different pharmaceutical product liability regimes in different countries induce innovation or can they lead to potentially socially undesirable outcomes? We exploit the variation in pharmaceutical liability and litigation rules across firms in pharmaceutical industry and countries to explain...

Efficient regulatory mechanisms that induce innovation, co-operation and deter competition law infringements have recently been the subject of growing attention. Competition is essential to the innovation process which in general terms enables entrepreneurship. But so too is co-operation between...