Econometric Evidence on the R&D Depreciation Rate
This paper presents estimates of the R&D depreciation rate using survey data on Australian inventions. Its novelty is twofold. First, it relies on direct observation of the revenue streams of [...]
Of Monopolies and Monocultures: The Intersection of Patents and National Security
This Article challenges this logic on the relationship between patents and national security, in particular by considering that relationship from the lens of competition. It first turns to history, reviewing [...]
Intellectual Property: The Law and Economics Approach
We investigate the impact of reporting regulation on corporate innovation activity. Exploiting thresholds in Europe’s regulation and a major enforcement reform in Germany, we find that forcing a greater share [...]
The Public Domain
The process of authorship, however, is more equivocal than that romantic model admits. To say that every new work is in some sense based on the works that preceded it [...]
Intellectual Property Rights and Standard-Setting Organizations
The role of institutions in mediating the use of intellectual property rights has long been neglected in debates over the economics of intellectual property. In a path-breaking work, Rob Merges [...]
Why “Intellectual Property” is a Misnomer
In this paper we scrutinize the moral case for copyright and patent laws and find it wanting. “Intellectual property” is a misleading description of those laws in their current form; [...]
Moving Beyond the Valley of Death: Regulation and Venture Capital Investments in Early-Stage Biopharmaceutical Firms
Can regulation reduce risks associated with investing in early-stage firms? Using the passage of the European Orphan Drug Act (EU-ODA), we examine this question in the biopharmaceutical industry. We provide [...]
Beyond Incentives: Expanding the Theoretical Framework for Patent Law Analysis
The Article proceeds as follows: Part II provides the necessary background with respect to the economic analysis of patent law in general and the economic analysis of cumulative innovation in [...]
Patents and the Regress of Useful Arts
Patent systems are often justified by an assumption that innovation will be spurred by the prospect of patent protection, leading to the accrual of greater societal benefits than would be [...]
Competition Laws and Corporate Innovation
A central debate in economics concerns the relationship between competition and innovation, with some stressing that competition discourages innovation by reducing post-innovation rents and others emphasizing that more contestable markets [...]