The infamous Blackberry case brought new attention to so-called 'patent trolls' and began the general association of trolls with 'non-practicing' patent holders. This has had important legal consequences: Namely, patent holders have been denied injunctive relief because they did not practice the...

This paper has been accepted for publication in the Santa Clara University Computer & High Tech Law Journal. The vast majority of the products developed by the IT industry are technologically complex, incorporating hundreds or thousands of different components, and many of these components read...

To date, the majority of the debate surrounding a RAND licensing promise (for reasonable and non-discriminatory licensing) made in the context of standard setting has focused on what the "R" means; far less attention has been given to what is implied by the "ND". Not surprisingly, then, some...

Under the legal doctrine of first sale, or patent exhaustion, a patent holder's ability to license multiple parties along a production chain is restricted. How and when such restrictions should be applied is a controversial issue, as evidenced by the Supreme Court's granting certiorari in the...

This paper investigates patent licensing in vertically disaggregated industries, where patent holders may license to upstream producers only, downstream producers only, or to both upstream and downstream producers. We consider whether consumer welfare will be greater if the patent holder's...

This paper examines the economic and empirical foundations of the aggregate evidence on the effect of schooling quality on earnings. A common framework is presented which nests all previous studies as special cases. We discuss two crucial identifying assumptions and test them. The first...