Download or read book Patents in the Knowledge Based Economy written by National Research Council and published by National Academies Press. This book was released on 2003-09-11 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume assembles papers commissioned by the National Research Council's Board on Science, Technology, and Economic Policy (STEP) to inform judgments about the significant institutional and policy changes in the patent system made over the past two decades. The chapters fall into three areas. The first four chapters consider the determinants and effects of changes in patent "quality." Quality refers to whether patents issued by the U.S. Patent and Trademark Office (USPTO) meet the statutory standards of patentability, including novelty, nonobviousness, and utility. The fifth and sixth chapters consider the growth in patent litigation, which may itself be a function of changes in the quality of contested patents. The final three chapters explore controversies associated with the extension of patents into new domains of technology, including biomedicine, software, and business methods.
Download or read book Patents Citations and Innovations written by Adam B. Jaffe and published by MIT Press. This book was released on 2002 with total page 502 pages. Available in PDF, EPUB and Kindle. Book excerpt: A study of how patents and citation data can serve empirical research on innovation and technological change.
Download or read book Patents in the Knowledge Based Economy written by National Research Council and published by National Academies Press. This book was released on 2003-08-11 with total page 352 pages. Available in PDF, EPUB and Kindle. Book excerpt: This volume assembles papers commissioned by the National Research Council's Board on Science, Technology, and Economic Policy (STEP) to inform judgments about the significant institutional and policy changes in the patent system made over the past two decades. The chapters fall into three areas. The first four chapters consider the determinants and effects of changes in patent "quality." Quality refers to whether patents issued by the U.S. Patent and Trademark Office (USPTO) meet the statutory standards of patentability, including novelty, nonobviousness, and utility. The fifth and sixth chapters consider the growth in patent litigation, which may itself be a function of changes in the quality of contested patents. The final three chapters explore controversies associated with the extension of patents into new domains of technology, including biomedicine, software, and business methods.
Download or read book The Economic Impact of Patents in a Knowledge Based Market Economy written by and published by . This book was released on with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: The aim of this paper is, therefore, to identify the sources of persisting discrepancies and seek an alternative explanation of the principal functioning of the patent system, which would better withstand the test of the reality of a modern, knowledge-based economy in which innovation-based competition, not monopoly, prevails. [...] This is then the public-good effect of a patent, by which cumulative research is explicitly allowed, indeed promoted, so that innovators can stand on the shoulders of the giants who precede them, as Scotchmer would say.18 The public-good effect of patents then obviously opens the way for innovation-based competition to take place, provided, however, that the pro- competitive nature of the public-g. [...] The following remark by Cornish is a representative case in point: "For instance, in an internal combustion engine, the idea of putting a cushion of air in the cylinder between the fuel and the piston in order to cushion the explosive effect of ignition was said not in itself to be patentable; but a machine devised to do so was."30 Much the same reasoning was expressed in the U. [...] Despite this indeed laconic, overly simplified and incomplete presentation of the basic principles, it is not difficult to see that the scope of patent protection is itself limited by the law to the extent that the primary benefit of the public-good effect of patents is not adversely affected. [...] The above exposition of the competitive framework of patents and their optimal scope is an extremely simple model, the value of which rests primarily on the originality of the underlying assumptions and not on its sophistication.
Download or read book Inventing Ideas written by B. Zorina Khan and published by Oxford University Press, USA. This book was released on 2020 with total page 481 pages. Available in PDF, EPUB and Kindle. Book excerpt: "This books shows how and why the ideas of creative individuals promote progress. The insights are based on original archival research regarding over one hundred thousand inventors, patented inventions, and innovation prizes in Europe and the United States during industrialization. This systematic empirical analysis across time and place and institutions provides an extensive microfoundation for understanding technological change and long-run macroeconomic growth. British and French policies favoured "administered innovation systems," in which elites, administrators or panels made key economic decisions about inducement prizes, rewards and the allocation of resources. European institutions generated returns that were misaligned with economic value and productivity, and perpetuated socioeconomic inequality. Europe fell behind when the negative consequences of such top-down administered systems accumulated and reduced comparative advantage. The modern knowledge economy emerged when, for the first time in world history, an intellectual property clause was included in a national Constitution, in the United States. This strong endorsement for open-access property rights and unfettered markets in ideas reflected a revolution in thinking about the sources of creativity and technical progress. U.S. global industrial ascendancy was a direct outcome of its decentralized market-oriented institutions, which fostered diversity in ideas and innovations, the diffusion of information and disruptive technologies, and sustained endogenous growth"--
Download or read book A Patent System for the 21st Century written by National Research Council and published by National Academies Press. This book was released on 2004-10-01 with total page 186 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. patent system is in an accelerating race with human ingenuity and investments in innovation. In many respects the system has responded with admirable flexibility, but the strain of continual technological change and the greater importance ascribed to patents in a knowledge economy are exposing weaknesses including questionable patent quality, rising transaction costs, impediments to the dissemination of information through patents, and international inconsistencies. A panel including a mix of legal expertise, economists, technologists, and university and corporate officials recommends significant changes in the way the patent system operates. A Patent System for the 21st Century urges creation of a mechanism for post-grant challenges to newly issued patents, reinvigoration of the non-obviousness standard to quality for a patent, strengthening of the U.S. Patent and Trademark Office, simplified and less costly litigation, harmonization of the U.S., European, and Japanese examination process, and protection of some research from patent infringement liability.
Download or read book A Patent System for the 21st Century written by Committee on Intellectual Property Rights in the Knowledge-Based Economy and published by . This book was released on 2004-09-01 with total page 188 pages. Available in PDF, EPUB and Kindle. Book excerpt: The U.S. patent system is in an accelerating race with human ingenuity and investments in innovation. In many respects the system has responded with admirable flexibility, but the strain of continual technological change and the greater importance ascribed to patents in a knowledge economy are exposing weaknesses including questionable patent quality, rising transaction costs, impediments to the dissemination of information through patents, and international inconsistencies. A panel including a mix of legal expertise, economists, technologists, and university and corporate officials recommends significant changes in the way the patent system operates. "A Patent System for the 21st Century" urges creation of a mechanism for post-grant challenges to newly issued patents, reinvigoration of the non-obviousness standard to quality for a patent, strengthening of the U.S. Patent and Trademark Office, simplified and less costly litigation, harmonization of the U.S., European, and Japanese examination process, and protection of some research from patent infringement liability.
Download or read book Patent Markets in the Global Knowledge Economy written by Thierry Madiès and published by Cambridge University Press. This book was released on 2014-03-20 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: The development of patent markets should allow for better circulation of knowledge and more efficient allocation of technologies at a global level. However, the beneficial role of patents has recently come under scrutiny by those favouring 'open' innovation, and important questions have been asked, namely: How can we estimate the value of patents? How do we ensure matching between supply and demand for such specific goods? Can these markets be competitive? Can we create a financial market for intellectual property rights? In this edited book, a team of authors addresses these key questions to bring readers up to date with current debates about the role of patents in a global economy. They draw on recent developments in economic analysis but also ground the discussion with the basics of patent and knowledge economics. Striking a balance between institutional analysis, theory and empirical evidence, the book will appeal to a broad readership of academics, students and practitioners.
Download or read book Intellectual Property and Innovation in the Knowledge based Economy electronic Resource written by Canada. Industry Canada and published by Industry Canada 2006.. This book was released on 2006 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Trade in Ideas written by Eskil Ullberg and published by Springer Science & Business Media. This book was released on 2012-02-02 with total page 218 pages. Available in PDF, EPUB and Kindle. Book excerpt: The economic system is generally understood to operate on the premise of exchange. The most important factor in economic development has always been technology, as a way to expand a limited resource base. Such increase in technology and knowledge is generally accepted by economists, but the mechanisms of exchange through which this happens are much less studied. Generally, a static analysis of product exchange, incorporating new technology, has been undertaken. This book explores the transition of trade in ideas from an exchange largely within firms and nations to an exchange between firms and nations. This process has been going on since the beginning of the patent system, where importing (trading) technology was made policy in 1474, more than 500 years ago. However, during the past 25-30 years, a growth in exchange of technology between specialized firms, cooperating based on patent licensing, has been phenomenal, with annual licensing transactions exceeding a trillion dollars, not counting value of cross-licensing. Such specialized exchange has been seen in history but not at this scale and level of coordination. Using principles of experimental economics, the author investigates the licensing contract and mechanisms of exchange (rules of trade) as this exchange moves towards organized markets with prices. A key issue concerns the effect of introducing demand side bidding, through which the patent system introduces specialization and multiple use of the same technology in different new products, thus expanding the use of technology a firm has to more actors, products, and consumers. The risk and uncertainty in market access for cheaper, better and unique products and services are reduced through new and competitive technology. Questions raised are related to the “optimal” integration of information and rules in dynamic exchange of patents through institutions. The view presented shows how inventors and traders can sell their intellectual property to buyers in a producer market, in this case in licensing contracts on patents, to diversify risk and monetize value based on an experimental economic study where the performance and behavioral properties of these institutions is the object of investigation. More fundamentally the work illustrates the theoretical, design, and patent system policy issues in a transition from personal to impersonal trade in ideas. This book explores the transition of trade in ideas from an exchange largely within firms and nations to an exchange between firms and nations. This process has been going on since the beginning of the patent system, where importing (trading) technology was made policy in 1474, more than 500 years ago. However, during the past 25-30 years, a growth in exchange of technology between specialized firms, cooperating based on patent licensing, has been phenomenal, with annual licensing transactions exceeding a trillion dollars, not counting value of cross-licensing. Such specialized exchange has been seen in history but not at this scale and level of coordination. Using principles of experimental economics, the author investigates the licensing contract and mechanisms of exchange (rules of trade) as this exchange moves towards organized markets with prices. A key issue concerns the effect of introducing demand side bidding, through which the patent system introduces specialization and multiple use of the same technology in different new products, thus expanding the use of technology a firm has to more actors, products, and consumers. The risk and uncertainty in market access for cheaper, better and unique products and services are reduced through new and competitive technology. Questions raised are related to the “optimal” integration of information and rules in dynamic exchange of patents through institutions. The view presented shows how inventors and traders can sell their intellectual property to buyers in a producer market, in this case in licensing contracts on patents, to diversify risk and monetize value based on an experimental economic study where the performance and behavioral properties of these institutions is the object of investigation. More fundamentally the work illustrates the theoretical, design, and patent system policy issues in a transition from personal to impersonal trade in ideas.
Download or read book Patents in the Knowledge based Economy written by and published by . This book was released on 2003 with total page 340 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Measuring the Immeasurable written by Christian Grube and published by Springer Science & Business Media. This book was released on 2010-11-19 with total page 263 pages. Available in PDF, EPUB and Kindle. Book excerpt: Christian Grube analyses the value potential of patent protection of knowledge-based competitive advantages. His findings show that complex licensing contracts represent a profitable strategy to exploit the value of patented inventions and that bibliographic patent data can support the valuation of complex patent portfolios.
Download or read book Innovation Policy in the Knowledge Based Economy written by M.P. Feldman and published by Springer Science & Business Media. This book was released on 2012-12-06 with total page 453 pages. Available in PDF, EPUB and Kindle. Book excerpt: Scholars in the science and technology field have not collectively questioned, much less proposed, an agenda for policy makers. Now is an appropriate time for such an undertaking. First, there is a growing belief that the U.S. national research and development system, like that of many industrial nations, is changing due to global competitive pressures and advancements in information technology and electronic commerce. Second, industry's R&D relationship with the academic research community is changing not only because of the global competition but also because of alterations in the level of government support of fundamental research. As a result, policy makers will need to rethink their approaches to science and technology issues. This volume is a collection of essays by scholars about innovative policy in the knowledge-based economy. By knowledge-based economy we mean one for which economic growth is based on the creation, distribution, and use of technology. As such, innovation policy in such an economy must enhance the creation, distribution, and use of knowledge that leads to the creation, distribution, and use of technology. This volume considers elements of an innovation policy: innovation policy and academic research, innovation policy in electronic commerce, and innovation policy and globalization issues.
Download or read book An Economic Review of the Patent System written by Fritz Machlup and published by . This book was released on 1958 with total page 100 pages. Available in PDF, EPUB and Kindle. Book excerpt: At head of title: 85th Cong., 2d sess. Committee print. Bibliography: p. 81-86.
Download or read book Patent Intensity and Economic Growth written by Daniel Benoliel and published by Cambridge University Press. This book was released on 2017-12-14 with total page 432 pages. Available in PDF, EPUB and Kindle. Book excerpt: Economic growth has traditionally been attributed to the increase in national production arising from technological innovation. Using a panel of seventy-nine countries bridging the North-South divide, Patent Intensity and Economic Growth is an important empirical study on the uncertain relationship between patents and economic growth. It considers the impact of one-size-fits-all patent policies on developing countries and their innovation-based economic growth, including those policies originating from the World Intellectual Property Organization, the World Trade Organization and the World Health Organization, as well as initiatives derived from the TRIPS Agreement and the Washington Consensus. This book argues against patent harmonization across countries and provides an analytical framework for country group coalitioning on policy at UN level. It will appeal to scholars and students of patent law, national and international policy makers, venture capitalist investors, and research and development managers, as well as researchers in intellectual property, innovation and economic growth.
Download or read book Innovation and Economic Growth in China Evidence from Patent Statistics written by Sebastian Harder and published by GRIN Verlag. This book was released on 2010-09-01 with total page 74 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2010 in the subject Economics - Economic Cycle and Growth, grade: 1.7, University of Applied Sciences Essen, language: English, abstract: China has demonstrated an enormously high rate of economic growth over a period of more than twenty years. In fact, China’s economy advances to a driving force in order to overcome the consequences of the financial crisis in 2008. This is only one reason why China has become the major object for studying economic growth as shown by thousands of publications and articles. But up to now, there have been published only few papers dealing with China’s patenting activities. This is astonishing, given the fact that innovations expressed by patent counts are one of the key factors that drives long term growth and productivity. Today emerging state’s economies like in China turn more and more into knowledge-based economies, where intellectual property rights play an elementary role. Moreover, IP protection in form of patents can increase (as intangible asset) firm’s values. Furthermore, investment decisions are sufficiently influenced by the existence of a reliable patent system. While intellectual property and its protection have an essential impact on creating economic growth, the neglect of this relationship has much more negative influence on economy’s development. If an invention can be costless copied by a competitor it would be impossible to cover the costs of the development or even to gain a profit out of it. Therefore, it is necessary to think about efficient incentive systems for inventors in order to reward their efforts. Unfortunately, it proves difficult to establish a patent system that maximises social welfare by providing just enough incentives to invent, while limiting the temporary monopoly given to the patentee. In general, strong patents (patent length, breadth and height) can encourage innovations but too strong patents could be contrary by reducing welfare. Given China’s weak record of protecting intellectual property rights on the one hand and its economic growth on the other hand, there seems to be a contradiction. But, a closer look reveals China’s efforts for installing an efficient patent system. For example, after passing its first Patent Law in 1986, China has amended its Patent Law several times in order to bring it in line with international norms, as well as to support its effort to enter the WTO in 2001. However, China’s enforcement system is still weak. The installation of China’s patent system goes along with an incredible patent surge at annual growth rates of 20%.
Download or read book Patent Markets in the Global Knowledge Economy written by Thierry Madiès and published by . This book was released on 2014 with total page 274 pages. Available in PDF, EPUB and Kindle. Book excerpt: Survey of the theory, empirical evidence and public policy related to the role of patents in a global knowledge economy.
