nep-ipr New Economics Papers
on Intellectual Property Rights
Issue of 2014‒08‒25
three papers chosen by
Giovanni Ramello
Università degli Studi del Piemonte Orientale “Amedeo Avogadro”

  1. Patent Trolls: Evidence from Targeted Firms By Lauren Cohen; Umit Gurun; Scott Duke Kominers
  2. Abstract of History of Japan's Trade and Industry Policy : Abstract of Nobuhiro Nakayama, History of Japan's Trade and Industry Policy (11) Intellectual Property Policy (Japanese) By KAWAMURA Satoshi; TAKEDA Haruhito
  3. Competitive Advantages from University Research Parks By Link, Albert N.

  1. By: Lauren Cohen; Umit Gurun; Scott Duke Kominers
    Abstract: We provide theoretical and empirical evidence on the evolution and impact of non-practicing entities (NPEs) in the intellectual property space. Heterogeneity in innovation, given a cost of commercialization, results in NPEs that choose to act as "patent trolls" that chase operating firms' innovations even if those innovations are not clearly infringing on the NPEs' patents. We support these predictions using a novel, large dataset of patents targeted by NPEs. We show that NPEs on average target firms that are flush with cash (or have just had large positive cash shocks). Furthermore, NPEs target firm profits arising from exogenous cash shocks unrelated to the allegedly infringing patents. We next show that NPEs target firms irrespective of the closeness of those firms' patents to the NPEs', and that NPEs typically target firms that are busy with other (non-IP related) lawsuits or are likely to settle. Lastly, we show that NPE litigation has a negative real impact on the future innovative activity of targeted firms.
    JEL: D2 K1 O31
    Date: 2014–08
  2. By: KAWAMURA Satoshi; TAKEDA Haruhito
    Abstract: 1) The second series of the History of Japan's Trade and Industry Policy , comprising 12 books (the first volume with a general overview and the remaining 11 volumes with detailed expositions on the main policy items) were published that not only record objective facts about the drafting process of the policy at the time and the situation of the industry and the economy that required such drafting, but also analyze and evaluate policy for the period 1980 through 2000. 2) However, it is not easy for people to read all 12 books and understand the history of policy. Subsequently, we made an abstract of each book to assist in using it in policy evaluation and policy making. The 12 abstracts describe the main points of the policy clearly and collect policy evaluation, and our hope is that they are utilized as the guide for each book. 3) This PDP is abstract of Nobuhiro Nakayama, History of Japan's Trade and Industry Policy (11) Intellectual Property Policy , Keizai Sangyo Chosakai, 2011.
    Date: 2014–08
  3. By: Link, Albert N. (University of North Carolina at Greensboro, Department of Economics)
    Abstract: The flow of knowledge from a university research park is not a new theme in the academic domain, but those studies that have focused on the prevalence of this phenomenon in the United States have been somewhat limited in the availability of data related to both the genesis of the park as well as to the performance of the park. The performance measures that I focus on in this paper are two: patents received and scholarly publications emanating from the research conducted by in-park firms. To place those flows of knowledge in perspective, I compare such in-park firm performance to matched pairs of off-park firms in an effort toward quantifying the impact of a firm being located in a university research park. My analysis shows that on average performance is greater among on-park firms than among off-park firms thus making a suggestive case that the environment created by a university research park confers competitive advantages in the form of new flows of knowledge.
    Keywords: research park; science park; innovation; patents; technology; competitive advantage
    JEL: O31 O33 O34 R11
    Date: 2014–08–14

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