In this paper, we study the effect of invention disclosure through patent publication on the market for ideas. We do so … by analyzing the effects of the American Inventor’s Protection Act of 1999 (AIPA) — which required US patent applications … to be published 18 months after their filing date rather than at patent grant — on the timing of licensing deals in the …

We develop a Schumpeterian growth model to analyze the interaction between patent policy and firms’ internal strategies … to capture value from innovations. We consider two dimensions of patent policy: backward protection against imitation and …. Incumbent patent holders endogenously invest resources to protect their monopoly rents by impeding market entry of innovative …

mechanisms for medium inventions, and patent their most important innovations. This result reestablishes the traditional view …. -- heterogeneous inventions ; innovation size ; intellectual property rights ; patents ; patent filing fees ; patentability standards …

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 …

prizes is flawed. I show how prices in the market for inventions provide state-contingent signals that guide invention … indicators of technological change. I conclude that replacing market prices with government prizes would harm invention …

, disclosure, certification, standardization, and divisibility. Second, patents provide efficient incentives for invention …, patents as intangible real assets promote the financing of invention and innovation. The market foundation role of patents …

past innovations. With full patent protection, followers can catch up to the leader in their industry either by making the … simple form of licensing. Second, we show that full patent protection is not optimal from the viewpoint of maximizing the …

Recent empirical studies suggest a need for a flexible patent regime responding to industry characteristics. In … practice, sector-specific modifications of patent strength already exist but lack theoretical foundation. This paper intends to … make up for this neglect by scrutinizing in what direction industry characteristics influence optimal patent strength. It …

Recent empirical studies suggest a need for a flexible patent regime responding to industry characteristics. In … practice, sector-specific modifications of patent strength already exist but lack theoretical foundation. This paper intends to … make up for this neglect by scrutinizing in what direction industry characteristics influence optimal patent strength. It …

emphasized strict construction of the Patent Act, but acknowledged three judge made exceptions to patentability. It disapproved … invalidated all of Bilski's hedging claims. And while the Justices agreed on one thing - a patent that “preempts” something (a …