The size of damages awarded in courts underlines the great impact thatindemnification regulations should have on innovation and imitation incentives.Surprisingly from an economic standpoint, however, various calculation methodsfor damages are acknowledged by the law and may be applied in...

Financing constraints have been discussed as a major obstacle to innovation. Small and mediumsized enterprises and start-ups are particularly concerned by such impediments. Venture capital has emerged as a partial solution in some countries, but is only available for start-up firms with major...