Excerpt
Excerpt
Lost in the Clouds: The Impact of Changing Property Rights on Investment in Cloud Computing Ventures. Josh Lerner, May 2015, Paper. "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..." Link