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 …

We show that examiner-driven variation in patent rights leads to quantitatively large impacts on several patent … outcomes, including patent value, citations, and litigation. Notably, Patent Assertion Entities (PAEs) overwhelmingly purchase … conventional companies, and that also have higher invalidity rates. PAEs leverage a specific friction in the patent system, which …

test case is the patent examination process, with numerous commentators arguing that scientific peer review can solve … informational deficits in patent determinations. We present results from a novel randomized field experiment, carried out over the … course of three years, in which 336 prominent scientific experts agreed to provide input on U.S. patent applications. Their …

We investigate the effect of patent disclosures on corporate innovation. Using the American Inventor's Protection Act … (AIPA) as a shock that increased patent disclosures, we find an increase in innovation for firms whose rivals reveal more … the law. These findings suggest patent disclosures generate both spillover benefits and proprietary costs. Our findings …

Foundation (NSF), patents issued by the United States Patent Office (USPTO) to U.S. academic institutions more than doubled from …

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 …

Unreasonably large damages awards in patent litigation have been an important force in motivating the movement for … patent reform. “Apportionment” has found support as a solution to problem damages awards. Under apportionment, the portion of …

Patent quality and value has continued to be a concern for society over two decades. Among various measures for patent … quality, patent scope or patent breadth has a strong legal basis, and theoretically, fewer elements or words should mean that … claim length as a measure of patent quality has not made much progress until recent large-scale analyses. The purpose of …

Continuations allow inventors to claim technology developed after the original filing date of their patent, leading to …