The patent system makes organized markets in patents with transparent prices possible. Such prices are here investigated as “signals” for inventors and innovators alike ofv aluable “technology areas”, in an experimental study. They inform decisions of specialized “firms” on...

Intellectual property protection mechanisms (IPPMs) are critical to fostering innovation and their relevance has grown enormously with the increased trade in goods and services involving intellectual property. Scholars have investigated what factors facilitate or hinder the use of such IP...

By granting universities and public research organizations (PROs) the rights to their own intellectual property (IP) - patents, copyrights, trademarks, utility models, industrial designs - derived from statefinanced research, and allowing them to commercialize their results, governments seek to...

By granting universities and public research organizations (PROs) the rights to their own intellectual property (IP) - patents, copyrights, trademarks, utility models, industrial designs - derived from statefinanced research, and allowing them to commercialize their results, governments seek to...

Should there be limits on startup acquisitions by dominant firms? Efficiency requires that startups sell their technology to the right incumbents, that they develop the right technology, and that they invest the right amount in R&D. In a model of differentiated oligopoly, we show distortions...