This paper develops a three-stage model of innovation, fixed-fee licensing and production to evaluate the welfare effects of compulsory licensing, taking into account both static (information sharing) and dynamic (innovation incentive) effects. Compulsory licensing is shown to have an...

There are three analytically distinct layers of the phenomenon that has been labeled 'the anticommons' and indicted as a potential impediment to innovation resulting from patenting and enforcement of IPR obtained on academic research results. This paper distinguishes among 'search costs',...

A major problem for humankind rests in the seemingly unresolvable competing vested interests found within the global patent system. Adequate access to medicines, particularly in developing countries, is necessary to promote health and ultimately, economic development, but the prolonged time...

The federal government deploys a variety of institutions — patent, tax, and spending, among others — to encourage innovation. But legal scholars have given short shrift to how these institutions should be coordinated. In this Note, I argue that tax credits could be used to ameliorate a...

Which kind of intellectual property regime is more favorable to innovation: one that enforces patents or one that does not? Economic theory is unable to answer this question, as valid arguments can be made both for and against patents; hence we must turn to empirical evidence. In this paper, we...

Our interest in writing this article is to create a bridge between the scholarly and academic research on technological innovation and a private sector, for-profit business model that implements the ideas on small business innovation and entrepreneurship, primarily in metro regional...

The United States Patent and Trademark Office (USPTO) grants many weak patents that would be ruled invalid if subjected to more thorough scrutiny. Some observers see weak patents as evidence of the need for allocation of more resources to increase the accuracy of patent examinations. Others...

Our interest in writing this article is to create a bridge between the scholarly and academic research on technological innovation and a private sector, for-profit business model that implements the ideas on small business innovation and entrepreneurship, primarily in metro regional economies....