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Patent Licensing, Entry and the Incentive to Innovate
We analyze the economic impact of process innovations where the innovator auctions o licenses to both potential entrants and incumbent rms. It is shown that opening the market to entrant licensees, the incentive to innovate is maximized in a monopoly market as was envisioned by Schumpeter (1942). This is in contrast to previous literature on licensing of process innovations where entry is exclu...
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Not all industries face high patent discovery costs. Chemical patents are "indexable," meaning that relevant patents can be efficiently retrieved by chemical formula. As a result, discovery costs in the chemical and pharmaceutical industries are low, and inadvertent infringement by firms in these industries is rare. But many other patent categories are not indexable, and in some cases that make...
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The tribal insignia of American Indians offer a distinctive view into the history of these people. Recently, as the result of federal legislation, some of these materials have been brought together, for tribes that are either federally or State recognized entities, as part of the database collection maintained by the United States Patent and Trademark Office (USPTO). This article focuses on the...
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ژورنال
عنوان ژورنال: Chemical & Engineering News Archive
سال: 1961
ISSN: 0009-2347,2157-4936
DOI: 10.1021/cen-v039n043.p005