another firm's patent. If adaptation requires technology previously discovered by another firm, then the firm faces no direct … cost but may infringe another firm's patent and pay a licensing royalty. The main analysis considers the desirability and …

likelihood of being ruled valid in a patent infringement litigation. Strengtheningpatent protection via a greater validity or … innovationcapacity. The optimal innovation-maximizing patent policy balances these two opposing effects. Formoderate patent validity … which the litigation effect dominates. Moderate validity and infinite patent length maximizes innovation when future profits …

. Patent remedies in a world with transactions costs can be calibrated so that real firms behave as ideal firms, providing … incentives for real world transactions to mimic those in a world without transactions costs. The goal of remedies for patent … transacting. This approach sets the framework for a comprehensive revision of current patent remedies and resolves current debates …

Current controversies over patent policy place standard-setting organizations (SSOs) on a collision course with … antitrust law. Recent theoretical research conjectures that, in an SSO, patent owners can “hold up” patent users in the sense of … rules that would require or request, at the time a standard is under consideration, the ex ante disclosure by the patent …

patent disputes, with a focus on Shapiro(2003)'s consumer protection rule. We show that, when a potential entrant … strategically incurs an entry cost before engaging in a patent dispute, a more stringent settlement policy of deterring costly entry … benefits the patent-holder and may raise static efficiency. Concerning asymmetric information, when the disputants, but not the …

Patent law is under-theorized in the sense that the predominating incentive-based justifications cannot by themselves … justification for patent law based on private transaction costs savings offered by patent law in comparison to alternative options … production problems, and encourage technology transfer. Even if the patent system provides no significant incentives to invent …

We consider licensing with a patent competition for a non-drastic process innovation among firms competing in a Cournot …

The literature on patent buyouts has focused on single-economy settings, where buyouts are welfare improving relative … system of global patent protection paired with domestic price subsidies, and only intersovereign transfers can achieve a …