We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random …

existence of strong patent laws encourage innovation? And 2) May patent laws influence the direction - as opposed to the rate …What is the optimal system of intellectual property rights to encourage innovation? Empirical evidence from economic … to address problems with the current patent system: 3) How do patent pools, as a mechanism to mitigate litigation risks …

the effects of a patent pool on innovation. Contrary to theoretical predictions, the sewing machine pool appears to have …Members of a patent pool agree to use a set of patents as if they were jointly owned by all members and license them as … a package to other firms. Regulators favor pools as a means to encourage innovation: Pools are expected to reduce …

The "market for innovation" -- the sale and licensing of patents -- is an often discussed source of incentives to … assumptions, allows us to quantify the gains resulting from the transfer of patents in the market for innovation. The gains from … trade measure the benefits of reallocating the ownership of a patent from the original inventor to a new owner for whom the …

traded patents, we show that patent acquisitions respond to complementarities between the acquired patented innovation and …This article presents the results of an analysis of the patent trading flows of small and large firms and the … determinants of these firm's patent sale and acquisition decisions. We also examine whether these transactions lead to an excessive …

information about cooperative licensing and the timing of patent allowances (the administrative event when patent rights are … significantly increases after patent allowance. Moreover, the impact of the patent system depends on the strategic and institutional … environment in which firms operate. Patent allowance seems to play a particularly important role for technologies with longer …

function of patent characteristics, university policy, and inventor fields in order to examine the extent to which outside …