Live and let live: A tale of weak patents

Research output: Contribution to journalArticle

9 Citations (Scopus)

Abstract

Patent protection has gradually expanded over time, and many patents of suspect value are routinely granted owing to the lack of rigorous scrutiny in the examination process. This has resulted in the recent explosion of patents granted and potentially creates a "patent thicket" that hinders future innovation. I investigate the question of whether the litigation process can be relied on to restore competition when an imperfect market outcome is sustained through patents of suspect value. The analysis undertaken in the paper points out the serious lack of private incentives to eliminate patents of suspect value through litigation. I also discuss potential measures to restore the soundness of the patent system.

Original languageEnglish
Pages (from-to)724-733
Number of pages10
JournalJournal of the European Economic Association
Volume3
Issue number2-3
Publication statusPublished - 2005 Apr 1

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Patents
Litigation
Innovation
Explosion
Incentives
Imperfect markets
Patent protection
Patent system

All Science Journal Classification (ASJC) codes

  • Economics, Econometrics and Finance(all)

Cite this

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Live and let live : A tale of weak patents. / Choi, Jay Pil.

In: Journal of the European Economic Association, Vol. 3, No. 2-3, 01.04.2005, p. 724-733.

Research output: Contribution to journalArticle

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