Incentivizing innovation through buyouts may alleviate the social costs associated with patent power, but the political … setting of countries with different innovation and financing capabilities, and where financing governments rely on taxes to … feasibility of buyouts relative to patents, identify the conditions under which this harms global welfare, and discuss …

the change. My results show that more restrictive patent policies at the SDO level decrease the innovation effort of firms …In this paper, I empirically study the effect of IEEE’s IPR policy change in 2015 on standard related innovation. I … construct a novel dataset of companies that have declared at least one patent as essential for an IEEE standard (the treatment …