R&D to obtain an innovative patent, and after successfully obtaining the patent they determine an ownership structure … for the patent. The two parties consider how the determined patent ownership would affect their noncontractible relation …-specific investments for commercialisation. We demonstrate that joint ownership of a patent between two parties is optimal. More concretely …

Proponents of the patent-holdup conjecture implicitly model competition among different technologies for inclusion in a … outside option for the inventors. On the basis of those improbable assumptions, proponents of the patent-holdup conjecture …

lower prices. Innovation prizes and other non-patent rewards are becoming more prevalent in government's innovation policy …, and are also widely implemented by private philanthropists. In this paper we develop a model in which a patent buyout is … model still involves some form of patent buyout. The buyout uses two key pieces of information: market outcomes observed …

We analyze the effect of patent thickets on entry into technology areas by firms in the UK. We present a model that … for hold-up due to the presence of patent thickets. We show empirically that our measure of patent thickets is associated … entry. Our evidence indicates that patent thickets raise entry costs, which leads to less entry into technologies regardless …

Since the patent system relies on private litigation for challenging weak patents, and patent settlements might … influence the incentives for challenging patents, the question arises whether the antitrust assessment of patent settlements … should also consider their impact on the incentives to challenge potentially invalid patents. Patent settlements in the …

multiple firms, we find that firms accelerate their patent disclosures for innovations created by their inventors affected by … the ruling, relative to their patent disclosures for innovations created by their unaffected inventors. Our results …