Galasso, Alberto; Schankerman, Mark; Serrano, Carlos J. - Centre for Economic Performance, LSE - 2011
We study how the market for innovation affects enforcement of patent rights. Conventional wisdom associates the gains … individually-owned patents in the U.S., we exploit variation in capital gains tax rates as an instrument to identify the causal … reduces litigation risk, on average. The impact of trade on litigation is heterogeneous, however. Patents with larger …