A Survey of the Economics of Patent Systems and Procedures

Eckert, Andrew; Langinier, Corinne

doi:10.1111/joes.12034

“…In the case here considered the relevant demand, however, is that of labor. But the benefits of subsidies to support labor demand would flow only partially to finance research, while, according to equation (8), for the remaining part they would boost the wage. The latter effect does not contribute at all to economic growth if labor supply is inelastic.…”

Section: Discussionmentioning

confidence: 99%

“…The monopoly royalty involves a mark-up over the personal license cost β and is increasing in the wage w. One can also see (8) as a reaction function of the R&D-firm to the wage arising on the market. 4 …”

Section: Amentioning

confidence: 99%

See 1 more Smart Citation

Endogenous Economic Growth with Disembodied Knowledge

Marchese

¹

,

Privileggi

²

2015

View full text Add to dashboard Cite

Mainstream endogenous growth models assume that new knowledge is embodied into new intermediate or final goods, monopolistically supplied by the patent holder. Recent technological progress, however, often gives rise to pure intellectual contents, such as software codes or business models, directly usable in the production of final goods. Once a content of this type has been produced, it is in fixed supply, that is, the inventor can only rent it out (or sell it) or not; hence the quantity restriction typical of monopoly cannot arise, while competition is viable (Chantrel et al., 2012;. We show that, however, as long as the inventor owning a patent can control through license activation devices the access to the intellectual content of the workers using her invention in the final goods production, monopolistic exploitation becomes viable and will occur. It turns out that in this framework both the level of wages and of consumption and the rate of growth of the economy are smaller than in the first best, while with elastic labor supply also labor employment is negatively impacted. This implies that some standard public policies devised for correcting inefficiencies in development can perform poorly in this framework.JEL Classification Numbers: C61, E10, O31, O41.

show abstract

“…A 2014 Supreme Court decision stated that the claim for a patent must contain more than abstract ideas of general character; it must be based, e.g., on unconventional steps that confine it to a particular useful application. For patentability in general, see Eckert and Langinier ().…”

mentioning

confidence: 99%

Endogenous economic growth with disembodied knowledge

Marchese

¹

,

Privileggi²

2017

J Public Economic Theory

View full text Add to dashboard Cite

Mainstream endogenous growth models assume that new knowledge is embodied into new intermediate or final goods, monopolistically supplied by the patent holder. Recent technological progress, however, often gives rise to pure intellectual contents, such as software codes or business models, directly usable in the production of final goods. Once a content of this type has been produced, it is in fixed supply, that is, the inventor can only rent it out (or sell it) or not; hence the quantity restriction typical of monopoly cannot arise, while competition is viable (Chantrel et al., 2012;. We show that, however, as long as the inventor owning a patent can control through license activation devices the access to the intellectual content of the workers using her invention in the final goods production, monopolistic exploitation becomes viable and will occur. It turns out that in this framework both the level of wages and of consumption and the rate of growth of the economy are smaller than in the first best, while with elastic labor supply also labor employment is negatively impacted. This implies that some standard public policies devised for correcting inefficiencies in development can perform poorly in this framework.JEL Classification Numbers: C61, E10, O31, O41.

show abstract

“…This means that the strong presumption of validity of a probabilistic right, which is built into the bifurcated litigation system, plays out to the patent holder's advantage. This offers empirical evidence directly relevant for the long-standing, largely theoretical debate on the optimal design of patent (enforcement) systems (Aoki and Hu, 1999;Ayres and Klemperer, 1999;Crampes and Langinier, 2002;Boyce and Hollis, 2007;Eckert and Langinier, 2013).…”

mentioning

confidence: 99%

Invalid but Infringed? An Analysis of Germany's Bifurcated Patent Litigation System

Cremers

¹

,

Gaessler

²

,

Harhoff

³

et al. 2014

View full text Add to dashboard Cite

Die Dis cus si on Pape rs die nen einer mög lichst schnel len Ver brei tung von neue ren For schungs arbei ten des ZEW. Die Bei trä ge lie gen in allei ni ger Ver ant wor tung der Auto ren und stel len nicht not wen di ger wei se die Mei nung des ZEW dar.Dis cus si on Papers are inten ded to make results of ZEW research prompt ly avai la ble to other eco no mists in order to encou ra ge dis cus si on and sug gesti ons for revi si ons. The aut hors are sole ly respon si ble for the con tents which do not neces sa ri ly repre sent the opi ni on of the ZEW.

show abstract

A Survey of the Economics of Patent Systems and Procedures

Cited by 40 publications

References 103 publications

Endogenous Economic Growth with Disembodied Knowledge

Endogenous Economic Growth with Disembodied Knowledge

Endogenous economic growth with disembodied knowledge

Invalid but Infringed? An Analysis of Germany's Bifurcated Patent Litigation System

Contact Info

Product

Resources

About