We analyze the nanotechnology patent applications filed in China from 1998 to 2008 and find that the extraordinary nanotechnology development in China has been primarily promoted by the public sector but not driven by industry and market force. This finding implies that developing countries such...

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...

The deposit business differs at large versus small banks. We provide a parsimonious model and extensive empirical evidence supporting the idea that much of the variation in deposit-pricing behavior between large and small banks reflects differences in "preferences and technologies." Large banks...