Incentivizing innovation through buyouts may alleviate the social costs associated with patent power, but the political …

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 …

one intellectual property monopoly. For example, a machine can be protected under patent law, but drawings of that machine …

welfare, when the effects on public health are taken into account. In particular, we study how the new international patent … and Lai (2004) on optimal patent protection, this paper examines the externality execrated by the intellectual property …

This paper provides a first comprehensive quantitative analysis of optimal patent policy in the global economy. We … application delivers three main results. First, the potential gains from international cooperation over patent policies are large …

between the propensity to jointly own a patent and proximity in the product market; b) joint patents are associated with less …

technology markets and increased rents for small inventors. Is this also true for today's NPEs? Or are they “patent trolls” who … opportunistically litigate over software patents with unpredictable boundaries? Using stock market event studies around patent lawsuit …

lower than the social planner's benchmark, which suggests a role for patent policy. We focus on a “non-infringing inventive … instrument in the form of patent length policy …

The United States Patent and Trademark Office (USPTO) grants many weak patents that would be ruled invalid if subjected … increase the accuracy of patent examinations. Others argue that the costs of such reform would outweigh the benefits; weak … patents reveal the “rational ignorance” of the Patent Office; it is optimal to leave examiners unequipped to identify more …