Patent settlements between rivals restrain competition in many different ways. Antitrust requires that their … anticompetitive effects are reasonably commensurate with the firms’ expectations about (counterfactual) patent litigation. Because …

Using novel inter-firm patent litigation data, we show that defendant firms become financially constrained, reduce … innovation strategy reflects the patent race motives and hedging demand of defendant firms against future litigation. These real … consequences of patent litigation are evident among firms in similar product markets, indicating significant interplay between …

Critics claim that patent screening is ineffective, granting low-quality patents that impose unnecessary social costs …. We develop an integrated framework, involving patent office examination, fees, and endogenous validity challenges in the … courts, to study patent screening both theoretically and quantitatively. In our model, some inventions require the patent …

We investigate the causal effect of patent rights on cumulative innovation, using large-scale data that approximate the … patent universe in its technological and economic variety. We introduce a novel instrumental variable for patent invalidation … that exploits personnel scarcity in post-grant opposition at the European Patent Office. We find that patent invalidation …

Patent settlements between rivals restrain competition in many different ways. Antitrust requires them to be … "proportional" in that their anti-competitive effects are commensurate with the firms' expectations about (counterfactual) patent …

An extensive literature exists regarding the patent disclosure and licensing commitments made by participants in … the U.S. patent assertion events for seven major standards (GSM, USB, 802.11, Bluetooth, UMTS, H.264, LTE). More …