sufficiently better at judging an idea's value and if it is sufficiently more costly to patent low than high value ideas, VCs …-run performance, but also infl ates their acquisition prices, and lowers their acquirers' overall profits. Patent law usefulness …

are known to all parties. When royalty payments are increasing in one’s patent portfolio, private information about the … simultaneous increase in the cost of padding, that is, a better filtering of patent applications; (iii) upstream firms have more … incentives to pad than vertically-integrated firms which internalize the fact that patent proliferation raises the share of …

This paper aims at contributing to the literature on the determinants of patent value. First, it puts forward a new …, it provides empirical evidence suggesting that these strategies are consistently and positively associated with patent …

software industry. We focus on two key aspects: patent portfolio size which affects bargaining power in patent disputes, and … the fragmentation of patent rights ('patent thickets') which increases the transaction costs of enforcement. We develop a …

private economic value of patents. The estimated mean of our patent value distribution is higher than 3 million Euros, the … skewed distribution of patent values. Our measure is significantly correlated with the number of patent citations, references …, claims, and countries in which the patent is applied. Citations explain value as much as the other three indicators combined …

This paper develops a methodology to compare the quality of examination services across patent offices. Quality is … defined as the extent to which patent offices comply with their patentability conditions in a transparent way. The methodology … patent offices in Europe (EPO), Japan (JPO) and the US (USPTO) shows that their operational designs differ substantially: the …