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 …

.S. "exhausts" all rights of the patentee to that item under the Patent Act. This decision goes against the Government's position … that a foreign sale authorized by the U.S. patentee should exhaust U.S. patent rights by default unless the patentee … subjects the firms that source in the South and sell in the North to the risk of a patent infringement lawsuit but allows the …

. Domestic innovation is measured as citation-weighted domestic patents filed at the European Patent Office (EPO): to account for … to patent at the EPO. Results show that, in the short-run, IPR stimulate innovation. The effect for developing countries …This paper analyses the causal impact of Intellectual Property Rights (IPR) on pharmaceutical innovation in a panel of …

This paper analyzes the optimal protection strategy for an innovator of a complex innovation who faces the risk of … imitation by a competitor. We suppose that the innovation can be continuously fragmented into sub-innovations. We characterize … the optimal mix of patent and trade secrets when the innovator faces a strict novelty requirement and can only patent a …

We investigate how international patent activity enables firms from emerging economies to thrive in the global … marketplace. We match Chinese customs data to US patent records, and leverage the quasi-random assignment of USPTO patent … examiners to identify the causal effect of a US patent grant on the subsequent export performance of Chinese firms. Successful …

This paper provides a first comprehensive quantitative analysis of optimal patent policy in the global economy. We … application delivers three main results. First, the potential gains from international cooperation over patent policies are large … counterproductive, slightly reducing welfare in the Global South and for the world. Overall, there is substantial scope for policy …

This paper develops a model of patent trolls to understand various litigation strategies employed by nonpracticing …

-competitive effects of patent pools for complementary patents naturally extend for dynamic innovation incentives. However, this simple …This paper analyzes patent pools and their effects on innovation incentives. It is shown that the pro … case, the licensing fees reflect the strength of patents. Patent pools of complementary patents can be used to discourage …

patentability standards at PTOs (Patent and Trademark Offices awarding so-called bad patents), not only "false innovators" have the … chance of being granted patents but also, and more interestingly, "true innovators" are forced to patent more intensively … distortions caused by bad patents. Moreover, we show that introducing a two-tiered patent system is unlikely to improve market …

patents (SEPs). I analyze the effects of injunctions and potential court-imposed FRAND rates on negotiated royalty rates. The …