This paper examines how anticipated changes in patent term affect R&D and innovation, using the U.S. ratification of the Trade-Related Aspects of Intellectual Property Rights (TRIPs) agreement in 1995 …
PublishedReview of Economic StudiesOnline 6 Oct 2025Published Jul 2026
This paper constructs an instrumental variable for technology news shocks using patent applications, relaxing all identifying assumptions traditionally used in the news-shock literature. The IV is the …