Economists generally view innovation as the most significant driver of long-run productivity growth. In their new working paper, Filippo Mezzanotti and Tim Simcoe study how firms capture the benefits of innovation using survey data collected by the US Census between 2008 and 2015.
Timothy Simcoe, TPRI Faculty Director and Filippo Mezzanotti’s research cited in Kellogg Insight, Kellogg School of Management, Northwestern University, August 3, 2023.
Iain Cockburn, Tim Wilsdon, Michele Pistollato, Rajini Jayasuriya, and Thomas Watson
The 1995 TRIPS Agreement between member states of the World Trade Organization (WTO) defines minimum standards of intellectual property (IP) protection and enforcement.
New research analyzing the effect of standard essential patents (SEPs) on patent continuations, showing opportunistic behavior in the filing of continuations after the disclosure of SEPs.
New analysis of the Qualcomm decision in terms of how Qualcomm’s commitments to license its standard-essential patents on “fair, reasonable, and nondiscriminatory” (FRAND) terms bear on the antitrust analysis and how FRAND might have been used to better justify finding an antitrust duty-to-deal with competitors.
Across all major sectors of the economy, proprietary information technology is increasing the market dominance of large firms, which is evidence of a slowdown in the spread of technical knowledge throughout the economy. The result is rising industry concentration, slower productivity growth and growing wage inequality. The key challenge to IP and antitrust policy will be counter this trend yet maintain innovation incentives.
After the Supreme Court ruled that courts should not automatically enter injunctions against patent infringers, some commentators feared that the decision would hinder innovation and growth in the U.S. More than ten years later, this paper examines the data to see whether those fears came true.