Does the Law of Innovation Work Against Itself?
10 Pages Posted: 20 Jul 2014 Last revised: 29 Sep 2014
Date Written: July 17, 2014
A recent study suggests that patent litigation by Patent Assertion Entities causes reduced Venture Capital investments in entrepreneurial firms. This article reviews the methods used in that study and explains some of the fundamental flaws, including the reliance on grossly incorrect assumptions. It is shown that the study’s inferences and conclusions are therefore highly questionable.
Keywords: Patent litigation, PAEs, Venture Capital, statistical analysis, regressor identification
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