This paper analyzes patent pools and their effects on innovation incentives. It is shown that the pro …-competitive effects of patent pools for complementary patents naturally extend for dynamic innovation incentives. However, this simple … case, the licensing fees reflect the strength of patents. Patent pools of complementary patents can be used to discourage …

This paper develops a model of patent trolls to understand various litigation strategies employed by nonpracticing …

property. It is organized around the two principal objectives of intellectual property law: promoting innovation and aesthetic … creativity (focusing on patent, trade secret, and copyright protection) and protecting integrity of the commercial marketplace … protection and other means of addressing the economic problem (such as public funding and prizes in the case of patent and …

difference between the products. From the perspective of public policy, it is clarified that the policy on patent scope cannot … yield the first-best result in terms of the speed of innovation, and the welfare analysis shows that social welfare is … higher when the conflict is settled via cross licensing. However, the weak protection on patent rights, which is shown to …