Intellectual Property

Patents

A patent provides protection for an invention to the owner of the patent. The protection is granted for a limited period, generally 20 years. Patent protection means that the invention cannot be commercially made, used, distributed or sold without the patent owner's consent.

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TAP Blog

Professor Jay Pil Choi and Professor Carl Shapiro have recently released separate papers that examine patent litigation through non-practicing entities, patent-assertion entities, and standard-essential patents.
The 13th Annual International Industrial Organization Conference will cover topics as diverse as the economics of online privacy, competitive effects of regulation, patent troll litigation strategies, and competition in hospital premiums. TAP scholars Jay Pil Choi and James Rebitzer will be participating.
Professor Daniel Spulber, Kellogg School of Management at Northwestern University, examines two pieces of patent legislation, The Innovation Act (H.R.9) and the STRONG Patents Act (S.632). Professor Spulber shows that one threatens to weaken the patent system while the other one could strengthen it.
Professor Daniel Spulber, Northwestern University, states that if the “INNOVATION ACT” (H.R. 9) is enacted, “by weakening patents’ enforceability, the proposed legislation will harm income, employment, and economic growth.”
Harvard Business School professor Josh Lerner shares insights from his work with Professor Jean Tirole of Toulouse University on the economics of knowledge sharing and knowledge sharing organizations.
Professor Joshua Gans, Rotman School of Management, discusses a new paper by Bhaven Sampat and Heidi Williams that measures the impact of patents on follow-on innovations.
Michigan State University economist Jay Pil Choi will have three papers presented at this year’s annual International Industrial Organization conference.
Google has announced a plan to sell Motorola to Lenovo for just under three billion dollars. Professor Shane Greenstein, Northwestern University, explains how this business transaction is connected to the Nortel patent bidding war held by a bankruptcy court two years ago.
Leading economists are exploring technology patents, licensing through standard-setting organizations (SSOs), and how FRAND terms impact innovation. Recent studies and articles by economic thought-leaders are summarized.
What is a ‘fair’ royalty for the use of patented technologies incorporated in a technical standard like Wi-Fi? A Toulouse School of Economics conference held on 16 May 2013 addressed this issue at the heart of modern technology markets.
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Fact Sheets

Patent Reform

A patent is an exclusive legal right to own and market an invention or improvement for a limited period of time, in exchange for public disclosure of the invention.

Quote

Changing U.S. Patent Policy on Tech Standards Stirs Concerns

"The best way to resolve this issue is not to change policy approaches." — Mark Lemley, Professor of Law, Stanford University

Mark Lemley
Bloomberg Law
December 26, 2018

Featured Article

Trading and Enforcing Patent Rights

We study how the market for innovation affects enforcement of patent rights.

By: Alberto Galasso, Carlos J. Serrano, Mark Schankerman