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Patents have become increasingly important, especially over the past two decades. As patent office procedures have adapted to remain abreast of changing economic and scientific circumstances, it has also become increasingly important to define and analyse innovation more precisely. This paper introduces a simple new measure of innovation, the patent success(More)
Measuring an individual's human capital at a point in time as the present actuarial value of expected net lifetime earnings has a lengthy history. Calculating such measures requires accurate estimates of worklife expectancy. Here, worklife estimates for men and women in the United States categorized by educational attainment, race, marital status, parental(More)
This paper examines the relationship between the antitrust environment and innovation in the US economy, where innovation is measured by patent activity. The hypothesis to be tested is whether antitrust enforcement activity, as measured by the number of civil filings of the US Department of Justice, has had a significant impact on the level of innovation in(More)
This paper delineates the specialty field of forensic industrial organization (IO) as the application of theoretical and empirical industrial organization economics in the legal process of competition law enforcement. Four stages of that process that can benefit from forensic IO techniques are distinguished: detection and investigation; case development;(More)
EXTENDED ABSTRACT This paper examines the relationship between the antitrust environment and technological inventiveness in the US economy, where technological inventiveness is measured by patent activity. Although not all registered patents are commercialised into inventions, patent data provide a valuable source of information about technological efforts.(More)
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