an important input to subsequent innovation, the exclusive rights conferred by a patent may also impose significant costs … upon follow-on innovators. Optimal patent policy should seek to maximize the patent incentive effect, while minimizing … burdens placed on future innovation by tailoring the scope of the patent to the characteristics of each technological sector …

creation of lesser estates or restrictive covenants for real property. In sum, early American courts incorporated into patent … concepts of "assignments" and "licenses." Given widespread confusion today concerning patent conveyance doctrines, this chapter … economic parlance), but patent theorists today can draw at least two important lessons from it. First, it reveals how …

major trends in patent law and practice and throws some light on the concerns to which modern patent law gives rise …: extension of patentable subject matter, growing attention for patent quality, appearance of patent thickets and restrictive … regard to current patent law and practice and urged competent authorities to launch a patent reform debate (Chapter 1). In …

Patent thickets may inefficient retard cumulative innovation. This paper explores two alternative mechanisms that may … be used to weed out patent thickets. Both mechanisms are intended to reduce the number of patents in our society. The … more innovative mechanism is quantity based regulation through the establishment of a system of Tradable Patent Rights. The …

Despite the promise of efficiency through the use of expert agency adjudication in U.S. patent law, administrative … substitution continues to fall short. In a variety of ways, the decade-old system of Patent Office adjudication is simply an … important defects in the statutory design, but also from the enormous expansion and ascendancy of the Patent Office itself …

interac-tion between these two innovation tools by determining the impact of a crowdfunding campaign’s patent status on the … campaign’s success and de-livery. The first study examines 9,184 Kickstarter campaigns in patent-eli-gible categories to … determine whether patented or patent-pending labeled projects are more likely to reach their funding goal and in turn achieve …

The objective of this paper is twofold. First, we study the patent hold-up problem in game-theoretic framework. We show … that in subgame perfect equilibrium of the patent hold-up game the innovating manufacturer exerts reduced effort to develop … the new product and the patent holder obtains the entire value of product innovation. Second, we show that royalty …

Technology leaders protecting a technological headstart with a patent are provided with a powerful legal measure to … restrict market entry. We analyze the impact of knowledge spillover on the decision to patent and the effect of varying patent … lead is protected by a patent only in industries with high knowledge spillover, and that (ii) patent breadth can mitigate …