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While many firms compete through the development of new technologies and products, it is well known that new-to-the-world innovation is inherently risky and therefore may increase the probability of firm death. However, many existing studies consistently find a negative association between...
Persistent link: https://www.econbiz.de/10010268043
Since little is known about the degree of bias in estimated fixed effects in panel data models, we run Monte Carlo simulations on a range of different estimators. We find that Anderson-Hsiao IV, Kiviet's bias-corrected LSDV and GMM estimators all perform well in both short and long panels....
Persistent link: https://www.econbiz.de/10010269265
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As the amount of tangible matter in the world is fixed, the growth and deployment of intangible capital in the production process must be the sole source of productivity growth and thus our ability to enhance the (material) quality of life. This survey paper takes stock of our knowledge about...
Persistent link: https://www.econbiz.de/10005186605
One component of the duration of pending patents - why applicants choose to delay the examination process - is modelled. We use a matched sample of 9597 patent applications to examine this issue. Controlling for differences between patent offices, we find evidence that applicants create...
Persistent link: https://www.econbiz.de/10005257752
In this paper, we identify three policy instruments governments have at their disposal to affect the power of patent rights to prevent imitation: the size of the inventive step used to make the patent granting decision, the rigour of the patent examination process and the predisposition of the...
Persistent link: https://www.econbiz.de/10005264612
While most developed countries apply the same criteria to determine whether an invention is eligible to be protected by a patent, there are substantial procedural differences in the way in which different patent offices examine a patent application. This means that a patent application may be...
Persistent link: https://www.econbiz.de/10005264622
While many firms compete through the development of new technologies and products, it is well known that new-to-the-world innovation is inherently risky and therefore may increase the probability of firm death. However, many existing studies consistently find a negative association between...
Persistent link: https://www.econbiz.de/10005264639