A low-quality patent system threatens to slow the pace of technological progress. Concerns about low patent quality are … supported by estimates from litigation studies suggesting that the majority of patents granted by the U.S. patent office should … not have been issued. This paper proposes a new Bayesian method for measuring patent quality, based on twin patent …

to the "Eco-Patent Commons", which provides royalty-free access to third parties to patented climate change related …

Can patent protection and product market competition complement each other in enhancing incentives to innovate? In this … product market competition interact with the strength of patent rights. We provide empirical evidence of innovation responding … positively to the product market reform in industries of countries where patent rights are strong, not where these are weak. The …

existence of strong patent laws encourage innovation? And 2) May patent laws influence the direction - as opposed to the rate … to address problems with the current patent system: 3) How do patent pools, as a mechanism to mitigate litigation risks …

Patent pools, which allow competing firms to combine their patents, have emerged as a prominent mechanism to resolve …

after the end of the process and fully exploit their bargaining leverage, then patent holders aspire to disclose always … after the end of the process. However, if a patent holder cannot rely on the other participants to always contribute to the … cross-licensing agreements that eliminate the strategic aspect of patent disclosure, and show that, in an institutional …

on patents as an incentive for innovation, the effectiveness of patents for invention disclosure, patent valuation, and … what we know about the design of patent systems. We also look at what is known about some current policy areas, including … software and business method patents, university patenting, and the growth in patent litigation …

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 … the first patent pool in U.S. history, the Sewing Machine Combination (1856-1877) to perform the first empirical test of … the effects of a patent pool on innovation. Contrary to theoretical predictions, the sewing machine pool appears to have …

.S. Patent Office since 2001, we find that startups that win the patent “lottery” by drawing lenient examiners have, on average …, 55% higher employment growth and 80% higher sales growth five years later. Patent winners also pursue more, and higher … quality, follow-on innovation. Winning a first patent boosts a startup's subsequent growth and innovation by facilitating …

How do non-practicing entities ("Patent Trolls") impact innovation and technological progress? Although this question …", who exploit the patent system to extract rents and thereby hurt innovation. We employ unprecedented access to NPE …-derived patent and financial data, as well as a novel model that guides our data analysis. We find that NPEs acquire patents from …