We investigate the implications for patent-related public policy arising out of products that incorporate large numbers of inventions. Inventions may be combined in such multi-invention products using three alternative organizational modes - viz., licensing of inventions, trade in components...

How much credit can be given to entrepreneurship for the unprecedented innovation and growth of free-enterprise economies? In this book, some of the world's leading economists tackle this difficult and understudied question, and their responses shed new light on how free-market economies...