Standard‐essential patents (SEPs) have become a key element of technical coordination via standard‐setting organizations. Yet, in many cases, it remains unclear whether a declared SEP is truly standard‐essential. To date, there is no automated procedure that allows for a scalable and...

This review surveys recent research on the economics of patents. The topics covered include theoretical and empirical evidence on patents as incentives for innovation, the effectiveness of patents for invention disclosure, patent valuation, and the design of patent systems. We also look at some...