I introduce and analyze an equilibrium model of discovery, innovation, patenting and infringement. Firms that innovate … 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 …

The role of individual inventors, small firms and entrepreneurs in the patent courts has become controversial for two …. In particular, we examine whether individual inventors and entrepreneurs are ability to defend their patent rights and … lawyers, may allow inventors and entrepreneurs to overcome the barriers to enforcement of patent rights. But, this conclusion …

abstracting from other important considerations such as risk, financing constraints, and innovation, we show that nonpecuniary …The nonpecuniary benefits of managing a small business are a first order consideration for many nascent entrepreneurs …, yet the preference for business ownership is mostly ignored in models of entrepreneurship and occupational choice. In this …

The Constitution gives Congress the power to "promote the Progress of Science and useful Arts." The patent system … v. MercExchange, this Note advocates a patent system that will allow access to stagnant patents sooner. The proposed … system starts with an initial exclusive patent period that is much shorter, and then includes renewable periods of …

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 …

-competitive patent settlements and hold-ups in relation to standard setting processes, in addition to the modern focus on mergers that … potentially lessen incentives for innovation and on abuse of dominance/single firm exclusionary practices in IP-intensive network … importance for economic advancement and prosperity, having a direct bearing on innovation, growth and the diffusion of new …

supplemental information on IP litigation and patent portfolios. The rich survey information regarding firms’ general innovation …We contribute to the economic literature on patent litigation by taking a new perspective. In the past, scholars mostly … focused on specific litigation cases at the patent level and related technological characteristics to the event of litigation …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … lower than the social plannerś benchmark, which suggests a role for patent policy. We focus on a "non-infringing inventive … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …