What Is a Patent Worth? Evidence from the U.S. Patent "Lottery"

We provide evidence on the value of patents to startups by leveraging the quasirandom assignment of applications to examiners with different propensities to grant patents. Using unique data on all first-time applications filed at the U.S. Patent Office since 2001, we find that startups that win the...

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Veröffentlicht in:	The Journal of finance (New York) 2020-04, Vol.75 (2), p.639-682
Hauptverfasser:	FARRE-MENSA, JOAN, HEGDE, DEEPAK, LJUNGQVIST, ALEXANDER
Format:	Artikel
Sprache:	eng
Schlagworte:	Applications Employment Examiners Innovations Sales Startups Winners
Online-Zugang:	Volltext
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