Lost in the Clouds: The Impact of Changing Property Rights on Investment in Cloud Computing Ventures / Josh Lerner, Greg Rafert.

Format:

Book

Author/Creator:

Lerner, Josh.

Contributor:

National Bureau of Economic Research.

Rafert, Greg.

Series:

Working Paper Series (National Bureau of Economic Research) no. w21140.

NBER working paper series no. w21140

Language:

English

Physical Description:

1 online resource: illustrations (black and white);

Other Title:

Lost in the Clouds

Place of Publication:

Cambridge, Mass. National Bureau of Economic Research 2015.

Summary:

Our analysis seeks to understand the impact of changing allocations of property rights on investment in new firms. We focus on the Cartoon Network, et al. v. Cablevision decision in the U.S., which narrowed the protection enjoyed by content creators (e.g., movie studios) and gave greater rights to downstream technology firms, as well as decisions in France and Germany that took an opposite view. Our findings regarding relative venture capital investment in the U.S. and Europe, across Europe, and between the various judicial circuits of the U.S. suggest that decisions around the allocation of property rights can have economically and statistically significant impacts on investment in innovative enterprises.

Notes:

Print version record

May 2015.