My research focuses on entrepreneurship, innovation, and intellectual property rights.

The value of new ideas is difficult to evaluate.  Uncertainty, risk, and asymmetric information all pose distinct challenges to the commercialization of new ideas. My research analyzes these informational challenges, and strategies used by entrepreneurs and inventors to overcome the challenges.

Why do individuals become entrepreneurs and when are they successful? Can intellectual property rights, particularly patents, facilitate the commercialization of new ideas? How do entrepreneurs convince investors about their ideas’ worth? How are public funds for scientific projects, the economic value of which are uncertain, allocated? These are the types of questions I investigate in my research.  My work draws on a variety of fields including  information economics, law, management, political science, and public policy.  My findings have been featured in outlets such as Nature, Wall Street Journal, NPR-MarketplaceFrankfurter Allgemeine Zeitung, Harvard Business Review, Corporate Counsel, Inc. Magazine, San Francisco Examiner and The Chronicle of Higher Education.

You can learn more about my research by downloading the papers on this page, by visiting my SSRN author’s page, or my google scholar page.



What is a patent worth? Evidence from the U.S. patent ‘lottery’ (with Joan Farré Mensa and Alexander Ljungqvist)

Asymmetric information and entrepreneurship (with Justin Tumlinson)

Patent disclosure (with Kyle Herkenhoff and Chenqi Zhu) Available on request.

What determines US patent allowance? (with Michael Carley and Alan Marco) Available on request.



Inventor mobility and innovation (with Ajay Bhaskarabhatla and Thomas Peeters)

Patent quality and examiner incentives

Patent rights and venture capital (with Alexander Ljungqvist)



Debtor rights, credit supply and innovation (with Geraldo Cerqueiro, Fabiana Penas and Robert Seamans) Management Science, (accepted for publication in March 2016)

Patent publication and the market for ideas (with Hong Luo) Management Science, (accepted for publication in March 2016)

Disclosing patents’ secrets (with Stuart Graham)  Science, 347(6219) p.236-237, 16 Jan 2015

Can private money buy public science? Disease lobbying and federal funding for biomedical research (with Bhaven Sampat) Management Science 61(10) p.2281-2298 (Lead Article), Oct 2015

What is the probability of receiving a US patent? (with Michael Carley and Alan Marco) Yale Journal of Law & Technology, Volume 17, Winter 2014

Does social proximity enhance business relationships? Theory and evidence from ethnicity’s role in US venture capital (with Justin Tumlinson), Management Science 60(9) p.2355-2380, Oct 2014

An organizational perspective on patenting and open innovation (with Ajay Bhaskarabhatla) Organization Science, 25(6) p.1744-1763, Nov 2014

Tacit knowledge and the structure of patent licenses: evidence from the biomedical industry Journal of Economics and Management Strategy, 23(3), Fall 2014

Funding and performance at the US Patent and Trademark Office Nature Biotechnology, 30(2) p.148–150, Feb 2012

Political influence behind the veil of peer review: an analysis of public biomedical research funding in the U.S. Journal of Law and Economics, 52(4) p.665-690, Nov 2009

Applicant citations, examiner citations, and the private value of patents (with Bhaven Sampat) Economics Letters, 5(3) p.287-289, 2009

Pioneering inventors or thicket-builders: which firms use continuations in patenting? (with David Mowery & Stuart Graham), Management Science, 55(7) p.1214–1226, Jul 2009

Politics and funding in the US public biomedical R&D system (with David Mowery) Science, Vol. 322(5909) p.1797-98, Dec 2008

Maturation of global corporate R&D: evidence from the activity of U.S. foreign subsidiaries. (with Diana Hicks) Research Policy, 37(3) p.390-406, Apr 2008

Highly innovative small firms in the markets for technology. (with Diana Hicks) Research Policy, 34(5) p.703-716, Jun 2005

Knowledge, technology trajectories and innovation in a developing country context: evidence from a survey of Malaysian firms. (with Philip Shapira) International Journal of Technology Management, 40(4) p.349-370, Dec 2007

Public and private universities: Unequal sources of regional innovation? Economic Development Quarterly, 19(4) p.373-386, Nov 2005