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Liability laws designed to compensate for harms caused by defective products may also affect innovation. We examine … negative impact on downstream innovation in medical implants, but it had no significant effect on upstream polymer patenting … effect on downstream innovation …
Persistent link: https://www.econbiz.de/10012910659
Current academic and policy debates focus on the impact of tort reforms on physicians' behavior and medical costs. This paper examines whether these reforms also affect incentives to develop new technologies. We find that, on average, laws that limit the liability exposure of healthcare...
Persistent link: https://www.econbiz.de/10012981632
We study the causal impact of patent invalidation on subsequent innovation and exit by the patent holder. The analysis …
Persistent link: https://www.econbiz.de/10013002774
interplay of these two localized externalities and their impact on regional innovation. We examine MSA-level patent data during … the period 1975-2000 and find that innovation output is higher where large and small labs coexist. The finding is robust …
Persistent link: https://www.econbiz.de/10013037282
Cumulative innovation is central to economic growth. Do patent rights facilitate or impede follow-on innovation? We …. Patent rights block downstream innovation in computers, electronics and medical instruments, but not in drugs, chemicals or … triggers more follow-on innovation by small firms …
Persistent link: https://www.econbiz.de/10013033253
" about future performance and standard measures of corporate innovation. We begin by developing a career concern model where … probability of failure, are more likely to pursue innovation, and that this effect is larger in more competitive industries. We …
Persistent link: https://www.econbiz.de/10013069805