The legal monopoly granted by the patent system has often been criticized for its inefficiency, which is exacerbated by …

mechanism whereby later inventors are allowed to share the patent if they discover within a certain time period of the first … granting monopolies. Furthermore, we demonstrate that the time window where later inventors can share the patent should become … breadth and the length of the patent and could allow sorting between more or less efficient firms in a differentiated patent …

The patent system is a central tool in innovation policy. The prospect of monopolistic pricing conferred by patent … markups for patent-protected products. Using an original dataset that links a broad range of consumer products to the patents … that protect them, we study the impact of patent protection on product prices. The empirical strategy exploits exogenous …

In this forthcoming book chapter, I classify antitrust issues concerning patent pools as either dissemination issues or … of patent pools. Dissemination issues focus on the terms under which third parties can take licenses from the pool; the … adversely impacts competition. In the first part of the chapter, I briefly survey cases that have featured patent pooling …

This paper examines the welfare tradeoff between patent and antitrust law. Since patent and antitrust law have … false negatives in patent antitrust. We find that the relevant error cost ratio for patent antitrust is the proportion of … the sum of the monopoly profit and residual consumer surplus to the deadweight loss. This error cost ratio, for a wide …

In the modern theory of growth, monopoly plays a crucial role both as a cause and an effect of innovation. Innovative … that monopoly is neither needed for, nor a necessary consequence of, innovation. In particular, intellectual property is … firms, it is argued, would have insufficient incentive to innovate should the prospect of monopoly power not be present …

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

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 …