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| Author: | Choi, J. P. |
| Title: | Live and let live: a tale of weak patents |
| Journal: | Journal of the European Economic Association
2005 : APR-MAY, VOL. 3:2-3, p. 724-733 |
| Index terms: | competition innovation litigation patents |
| Language: | eng |
| Abstract: | This paper discusses patent protection, which has gradually expanded over time. Many patents of suspect value are routinely granted owing to the lack of rigorous scrutinity in the examination process, which has resulted in the recent explosion of patents granted, and it potentially creates a "patent thicket" that hinders future innovation. The author explores whether the litigation process can be relied on to restore competition when an imperfect market outcome is sustained through patents of suspect value. An analysis points out the serious lack of private incentives to eliminate patents of suspect value through litigation. |
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