How does patent enforcement affect subsequent innovation? I exploit patent infringement litigation in the United States … to analyze the effect of patent enforcement on cumulative innovation. The results imply that subsequent innovation … patent and reductions in asymmetric information are particular driver of the increase in follow-on innovation. Although there …

Patents are widely used in the literature as a measure of firm-level innovation. It is regarded that patents improve a …

Competitors embroiled in a patent dispute always prefer to preserve and share monopoly profits, even if the patent is … that their anticompetitive effects are commensurate with the expected result of counterfactual patent litigation, which …

When rivals settle a patent dispute, they prefer to preserve the full monopoly profit, even if the patent is very … from litigation. This avoids the need to estimate the odds of counterfactual patent litigation.This is a previous draft …

patent law operates generally with an emphasis on how it may impact the environment in particular. In so doing, the essay … addresses from a patent perspective some representative concerns relating to patents that appear to be prevalent in the … environmental literature and shows how the patent system may provide substantial benefit for those favoring the environment …

patent law reflects the long-assumed constraints of rewards theory; a move towards coordination goals opens a number of …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 …

This paper provides a first comprehensive quantitative analysis of optimal patent policy in the global economy. We … introduce a new framework, which combines trade and growth theory into a tractable tool for quantitative research. Our … application delivers three main results. First, the potential gains from international cooperation over patent policies are large …

We construct a tractable general equilibrium model of cumulative innovation and growth, in which new ideas strictly … lower than the social plannerś benchmark, which suggests a role for patent policy. We focus on a "non-infringing inventive … the rate of innovation, as well as a separate optimal required inventive step that maximizes welfare, with the former …