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We survey the economic literature, both theoretical and empirical, on the choice of intellectual property protection by firms. Our focus is on the tradeoffs between using patents and disclosing versus the use of secrecy, although we also look briefly at the use of other means of formal...
Persistent link: https://www.econbiz.de/10011227905
A large literature asserts that standard essential patents (SEPs) allow their owners to “hold up” innovation by charging fees that exceed their incremental contribution to a final product. We evaluate two central, interrelated predictions of this SEP hold-up hypothesis: (1) SEP-reliant...
Persistent link: https://www.econbiz.de/10011252669
This paper explores the characteristics of 238 patents on 94 "inventions" contributed by major multinational innovators to the "Eco-Patent Commons", which provides royalty-free access to third parties to patented climate change related innovations. By comparing the pledged patents to other...
Persistent link: https://www.econbiz.de/10008927017
Such institutions as patent systems cannot be well understood without an assessment of technological creativity in other contexts. Some have argued that prizes might offer superior alternatives to the award of property rights in inventions. Accordingly, this paper offers an empirical comparison...
Persistent link: https://www.econbiz.de/10011096584
Recent research on the economics of patents is surveyed. The topics covered include theoretical and empirical evidence 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...
Persistent link: https://www.econbiz.de/10009421975
Proponents of stronger copyright terms have argued that stronger copyright terms encourage creativity by increasing the … not available to the public. Moreover at current copyright lengths of 70 years after the author's death, further … extensions may not have any effects on the profitability of authorship. To investigate effects of copyright at lower pre …
Persistent link: https://www.econbiz.de/10011264932
Between 1660 and 1830, Parliament passed thousands of acts restructuring rights to real and equitable estates. These estate acts enabled individuals and families to sell, mortgage, lease, exchange, and improve land previously bound by inheritance rules and other legal legacies. The loosening of...
Persistent link: https://www.econbiz.de/10005830552
In the decade since Napster, file-sharing has undermined the protection that copyright affords recorded music, reducing …. The legal monopoly created by copyright is justified by its encouragement of the creation of new works, but there is …
Persistent link: https://www.econbiz.de/10008868164
This paper examines the economics of large scale institutional change by studying the adoption of the land demarcation practices within the British Empire during the 17th through 19th Centuries. The advantages of systematic, coordinated demarcation, such as with the rectangular survey, relative...
Persistent link: https://www.econbiz.de/10008610956
During Britain's industrialization, Parliament operated a forum where rights to land and resources could be reorganized. This venue enabled landholders and communities to exploit economic opportunities that could not be accommodated by the inflexible rights regime inherited from the past. In...
Persistent link: https://www.econbiz.de/10008610965