This Article explores the practical consequences of an important shift that has recently taken place in patent theory … justify the patent system based on its role in facilitating information exchange and enabling technical coordination among … intense attention at the level of theory, little has been said about the consequences of this debate for patent policy itself …

-expression dichotomy in copyright law, to the exclusion of abstract ideas in patent law, and to the protection of ideas as trade secrets … (non)protectability of ideas in a clearer or more direct way (mostly in patent law) …

The legal monopoly granted by the patent system has often been criticized for its inefficiency, which is exacerbated by …) regimes lead to higher social welfare and a strictly positive tax regime may be required to avoid stagnation …

This paper examines the implications of Open Source License (OSL) selection on software innovation, and suggests how …

This paper considers the prospect of a government patent buyout in a model of endogenous growth. To this end, the … shows that in this set-up, patent buyout by the government can lead to higher level of welfare without lowering an economy …

This paper develops a three-stage model of innovation, fixed-fee licensing and production to evaluate the welfare … effects of compulsory licensing, taking into account both static (information sharing) and dynamic (innovation incentive …

industries, and patents can distort resources away from industries where they are most productive. -- innovation ; patent policy …This paper examines patent protection in an endogenous-growth model. Our aim is twofold. First, we show how the patent … policies discussed by the recent patent-design literature can influence R&D in the endogenous-growth framework, where the role …

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 …

Patent scope is one of the important aspects in the debates over “patent quality.” The purported decrease in patent …), decreased clarity, and questionable validity. Such patents allegedly diminish the incentives for innovation due to increased … licensing and litigation costs. However, these debates often occur without well-defined measurements of patent scope. This paper …

the frontiers of knowledge. It is difficult, however, to obtain a patent for an invention which seems impossible … becomes possible? History reveals that the Patent Office and the courts will continue to deny patents for a long time …, prevents the patent system from sitting at the cutting edge of technology, and frustrates the patent system’s overarching goal …