national incentives for patent protection? What is the rationale for international coordination over patent policies? Given …

A generic drug maker that has been sued for infringing a patent on a branded drug will sometimes promise, as part of an … agreement settling the litigation, to delay selling its drug until as late as the expiration of the patent term. I adapt the … standard optimal patent term model to determine whether the delay in competition caused by such agreements raises consumer …

Non-practicing entities (NPEs), a.k.a. patent "trolls", have been disparaged as wasteful rent-seekers who assert … litigate broader patents in complex technologies consistent with the hold-up theory of NPE patent litigation. However …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … lower than the social planner's 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 …

Critics claim that patent screening is ineffective, granting low-quality patents that impose unnecessary social costs …. We develop an integrated framework, involving patent office examination, fees, and endogenous validity challenges in the … courts, to study patent screening both theoretically and quantitatively. In our model, some inventions require the patent …

fulfill the responsibilities they have been assigned in fostering innovation. But I argue here that in their moments of … the door to a new examination of patent purposes, and to understanding some otherwise inexplicable characteristics of … patent law …

The literature on patent buyouts has focused on single-economy settings, where buyouts are welfare improving relative … world with two heterogeneous countries featuring different sizes and innovation capacities. Moving to an international … system of global patent protection paired with domestic price subsidies, and only intersovereign transfers can achieve a …

We study entrepreneurs’ behavioral responses of effort (moral hazard) to avoid business failure.This is done in the …

) heterogeneous in their entrepreneurship abilities and choose between being employees or entrepreneurs. The sufficient conditions in …

One of the leading theories of entrepreneurship is that less risk averse individuals become entrepreneurs and more risk …, retaining agent heterogeneity in risk aversion and the endogenous division of agents into less risk averse entrepreneurs and … comparative static result, that an economy-wide increase in risk aversion lowers the equilibrium wage, appeared to require the …