The objective of this paper is twofold. First, we study the patent hold-up problem in game-theoretic framework. We show … that in subgame perfect equilibrium of the patent hold-up game the innovating manufacturer exerts reduced effort to develop … the new product and the patent holder obtains the entire value of product innovation. Second, we show that royalty …

The objective of this paper is to show the necessity of reviving the debate on the economic justifications for patent … patent protection, and on the other hand, we believe that major changes to the patent law should be considered. Critical … review of the discussion on patents shows that the weaknesses of many arguments for patent protection, as well as the …

(IP box) on innovative activity and effective tax rates. We document an increase in innovative activity, including patent … applications, grants, and highly-skilled employment, at the expense of patent quality. Domestic firms drive this effect. We also … that use heterogeneous IP boxes, our results suggest an IP box that provides tax benefits for patent income only leads to a …