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Over the last decade, companies have paid greater attention to the management of their intellectual assets. We build a model that helps understand how licensing activity should be organized within large corporations. More specifically, we compare decentralization--where the business unit using...
Persistent link: https://www.econbiz.de/10013065861
The paper builds a tractable model of a patent pool, an agreement among patent owners to license a set of their patents … to one another or to third parties. It first provides a necessary and suñcient condition for a patent pool to enhance …
Persistent link: https://www.econbiz.de/10013217929
For over a century, courts and commentators have struggled to find principles that reconcile patent and antitrust law …, especially as to patent licensing. We interpret case law and commentary to arrive at three unifying principles for acceptable … terms of license. Profit neutrality' holds that patent rewards should not depend on the rightholder's ability to work the …
Persistent link: https://www.econbiz.de/10013231449
A major policy issue in standard setting is that patents that are ex-ante not that important may, by being included into the standard, become standard-essential patents (SEPs). In an attempt to curb the monopoly power that they create, most standard-setting organizations require the owners of...
Persistent link: https://www.econbiz.de/10013034678
We examine whether the introduction of a patent commons, a special type of royalty free patent pool available to the … in the market and the extent to which patent ownership in the market is concentrated …
Persistent link: https://www.econbiz.de/10013035131
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 …
Persistent link: https://www.econbiz.de/10012751882
A “patent box” is a term for the application of a lower corporate tax rate to the income derived from the ownership of … patents filed at the European Patent Office, including information on ownership transfers pre- and post-grant, we investigate … the impact of the introduction of a patent box on international patent transfers, on the choice of ownership location, and …
Persistent link: https://www.econbiz.de/10012914268
Well functioning Markets for Technology (MFT) allow inventors to sell their inventions to others that may derive more value from them. We argue that the growing reliance on science in inventions enhances MFT. In addition to higher quality inventions, reliance on science may enhance gains from...
Persistent link: https://www.econbiz.de/10014238634
We investigate rewards to R&D in a model where substitute ideas for innovation arrive to random recipients at random times. By foregoing investment in a current idea, society as a whole preserves an option to invest in a better idea for the same market niche, but with delay. Because successive...
Persistent link: https://www.econbiz.de/10013071185
ability to generate new growth options. This simple theory predicts that Tobin's q falls with age. Further, competition in the …
Persistent link: https://www.econbiz.de/10013076181