Chapter 1: Patents and the Market for Innovative Control
The following sections are included:
Introduction
Transaction Efficiencies and Competition in the Market for Inventions
Exclusion
Transferability
Disclosure
Certification
Standardization
Divisibility
The Market for Innovative Control
The Market for Innovative Control and Incentives for Investment
Explaining Patent Licensing and Transfers
Investment in Complementary Assets
Financing Invention and Innovation
Patents and Financial Separation
Patents and the Financing of Innovation
Public Policy toward IP
The Market Foundation View vs. the “Rewards” View of Patents
The Scope of Patents
Incremental Inventions, “Patent Hold-Up,” and “Patent Thickets”
Public Goods and the Market for Inventions
Antitrust Policy toward Patents
Patents and Competition
Antitrust Policy and the Market for Inventions
Conclusion