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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
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
Such institutions as patent systems cannot be well understood without an assessment of technological creativity in … success of the invention. Prize-oriented institutions thus appear to be less systematic and not as market-oriented as patent …
Persistent link: https://www.econbiz.de/10013040534
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
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
We study how the inventive capability of a firm conditions its participation in a division of innovative labor. Capable firms are, by definition, able to invent; for them, external inventions substitute for their own R&D. However, external knowledge is an input into internal invention, and thus,...
Persistent link: https://www.econbiz.de/10012911085
We examine the impact of Chinese import competition on patenting, IT, R&D and TFP using a panel of up to half a million firms over 1996-2007 across twelve European countries. We correct for endogeneity using the removal of product-specific quotas following China's entry into the World Trade...
Persistent link: https://www.econbiz.de/10013038317