An optimal rule for patent damages under sequential innovation.
Abstract: We analyze the optimal design of damages for patent infringement when a follow‐on innovator may infringe the patent of an initial innovator. We consider damage rules that are linear combinations of the popular “lost profit” (LP) and “unjust enrichment” (UE) rules, coupled with a lump‐sum t...
| Publicado en: | RAND Journal of Economics (Wiley-Blackwell) Vol. 49; no. 2; pp. 370 - 398 |
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| Autores principales: | , |
| Formato: | Artículo |
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Wiley-Blackwell
Summer2018
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| Acceso en línea: | Ver este registro en EBSCOhost |
| fields | @attributes: recordID: 1 pdfLink: plink: https://search.ebscohost.com/login.aspx?direct=true&db=ssf&AN=129409921&site=ehost-live header: @attributes: shortDbName: ssf uiTerm: 129409921 longDbName: Social Sciences Full Text (H.W. Wilson) uiTag: AN controlInfo: bkinfo: jinfo: jid: 07416261 56RJ jtl: RAND Journal of Economics (Wiley-Blackwell) issn: 07416261 maglogo: Y pubinfo: dt: Summer2018 vid: 49 iid: 2 pid: 480 pub: Wiley-Blackwell artinfo: ui: 129409921 10.1111/1756-2171.12229 ppf: 370 ppct: 28 formats: fmt: – @attributes: type: T – @attributes: type: P size: 289KB tig: atl: An optimal rule for patent damages under sequential innovation. aug: au: Chen, Yongmin Sappington, David E. M. affil: University of Colorado University of Florida su: Technological innovations Patent infringement Unjust enrichment Lost profits damages Patent law sug: subj: Technological innovations Patent infringement Unjust enrichment Lost profits damages Patent law ab: Abstract: We analyze the optimal design of damages for patent infringement when a follow‐on innovator may infringe the patent of an initial innovator. We consider damage rules that are linear combinations of the popular “lost profit” (LP) and “unjust enrichment” (UE) rules, coupled with a lump‐sum transfer between innovators. Such linear rules can sometimes induce the socially optimal levels of sequential innovation and the optimal allocation of industry output. The optimal linear rule achieves the highest welfare among all rules that ensure a balanced budget for the industry, and often secures substantially more welfare than either the LP rule or the UE rule. pubtype: Academic Journal doctype: Article src: R language: English refInfo: copyright: @attributes: flag: N holdings: @attributes: islocal: N |
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