We revisit the "paradox of openness" in the literature which consists of two conflicting views on the link between patenting and open innovation — the spillover prevention and the organizational openness views. We use the data from the Survey of Innovation and Patent Use and the Community...

If scientific knowledge is a public good, why do firms invest in research? This paper revisits this classic question with new data on patent citations to scientific publications by corporations. Using data on 4,736 firms for the period 1980-2006, we document that corporate investment in research...

Over the last decade, companies have paid greater attention to the management of their intellectual assets. We build a model that helps understand how licensing activity should be organized within large corporations. More specifically, we compare decentralization--where the business unit using...