This paper considers the prospect of a government patent buyout in a model of endogenous growth. To this end, the … shows that in this set-up, patent buyout by the government can lead to higher level of welfare without lowering an economy …

Technological standards give rise to a complements problem that affects pricing and innovation incentives of technology … producers. In this paper I discuss how patent pools can be used to solve these problems and what incentives patent holders have … to form a patent pool. I offer some suggestions how competition authorities can foster the formation of welfare …

. Consistent with a large literature, we use patent counts as a measure of innovation. The combination of the US market's economic …Using data from the US automobile market, we empirically examine the link between competition and innovation … interesting market to examine the link between competition and innovation. We use firm-level time-series data over a long horizon …

This paper develops a three-stage model of innovation, fixed-fee licensing and production to evaluate the welfare … effects of compulsory licensing, taking into account both static (information sharing) and dynamic (innovation incentive …

Licensing in a patent thicket allows firms to either avoid or resolve hold-up. Firms' R&D incentives depend on whether … they license ex ante or ex post. We develop a model of a patent portfolio race, which allows for endogenous R&D efforts, to … likely to avoid patent portfolio races, since the threat of hold-up increases. On the other hand, more valuable technologies …

positive and significant impact of AI patent families on employment, supporting the labour-friendly nature of product … innovation in the AI supply industries. However, this effect is small in magnitude and limited to service sectors and younger …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … lower than the social plannerś benchmark, which suggests a role for patent policy. We focus on a "non-infringing inventive … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …