By Po-Hsuan Hsu, Yiqing Lü, Hong Wu, and Yuhai Xuan
Under the escalating global technology competition, corporate innovation activities play a critical role in determining firms’ future growth and survival.
Patents are supposed to cover new and innovative inventions, so why are there patents on old or obvious creations such as a stick, a method of swinging on a swing, and bread with the crust cut off?
Knowledge generation is increasingly pursued in collaboration. The success of such collaborative efforts is grounded in the joint use of “team-specific capital”.
IG Farben used to be the world’s largest chemical company and a major innovator – until it was broken up in one of the largest antitrust events in history.
In order to accelerate knowledge accumulation and technical progress, governments introduced patent systems to encourage inventors to share their ideas, discoveries, and inventions with the public.
By Stuart V. Craig, Keith Marzilli Ericson, and Amanda Starc
We examined how prices vary between insurers for the same procedure at the same hospital, using a dataset of all commercial Massachusetts hospital claims.