We employ the UTIP data set on the evolution of earnings inequality in manufacturing in the global economy to illuminate two questions. First, do regional patterns of similarity in the movement of large macroeconomic aggregates, such as real GDP, imply underlying similarities of industrial...

This paper provides a summary of information in the UTIP data set on the evolution of industrial earnings inequality in the global economy. At present the data set covers 66 countries, with annual observations going back to 1972 in most cases and to 1963 in many. Our measure of changing...

This paper presents a procedure for studying industrial performance and related issues such as changes in the wage structure. This procedure combines cluster analysis and discriminant analysis as a package, and applies this package to time series data. This enables us to organize industrial data...

It is an intuitively plausible supposition that upfront payment reduces running royalty in a license agreement. While the supposition seems to be valid if license market is efficient, the imperfection and distortions in real license market renders its validity much less warranted. Empirical test...

The 25% rule is a creative and useful rule of thumb for royalty determination. However, the recent efforts in empirically proving its validity have not been very impressive. In this short essay, I revisit the regression studies in Kemmerer and Lu (2008), and conduct pro forma analysis by...

This paper continues where Kemmerer and Lu (2008) left off, and explores the relationship between royalty rates and market structure among industries. Economists have studied innovation, R&D, and market structure for decades, and also have investigated patent licensing methods across industries....

This essay presents the most recent results from an on-going research project that collects and analyzes the market prices of patent portfolio transactions. The project was initially launched in 2012 as part of the efforts to better understand the pricing behavior of the rapidly growing patent...

Demand is increasing for quick, easy and relatively reliable methods of patent portfolio valuation in patent-intensive corporate transactions. An augmented market approach may be the solution.The augmented market approach to patent portfolio valuation saves a great deal of time without...

In most headline commentaries and legal studies, non-practicing entities or NPEs are alleged to have dramatically increased the business costs of practicing or producing companies. NPEs are sometimes monikered as patent trolls who would hold up practicing companies that have made irreversible...