![Royalties, evolving patent rights, and the value of innovation [An article from: Research Policy]](https://www.ebooknetworking.net/books/B00/0RQ/bigB000RQYTGS.jpg)
Royalties, evolving patent rights, and the value of innovation [An article from: Research Policy]
Book Details
Author(s)E.F. Sherry, D.J. Teece
PublisherElsevier
ISBN / ASINB000RQYTGS
ISBN-13978B000RQYTG2
AvailabilityAvailable for download now
Sales Rank4,520,762
MarketplaceUnited States 🇺🇸
Description
This digital document is a journal article from Research Policy, published by Elsevier in 2004. The article is delivered in HTML format and is available in your Amazon.com Media Library immediately after purchase. You can view it with any web browser.
Description:
The value of an innovation to the innovator can change over time, especially in response to changes in the legal protection (such as patent rights) afforded the innovator. A proven-valid-and-infringed patent is a more valuable economic commodity than is an untested patent. The increase in value can be estimated using the success rate of patent lawsuits. Using a database of the outcomes of U.S. patent litigation, we find that plaintiffs win patent litigation some 45% of the time at the trial court level. This has implications both for patent damages awards and for the incentives to innovate.
Description:
The value of an innovation to the innovator can change over time, especially in response to changes in the legal protection (such as patent rights) afforded the innovator. A proven-valid-and-infringed patent is a more valuable economic commodity than is an untested patent. The increase in value can be estimated using the success rate of patent lawsuits. Using a database of the outcomes of U.S. patent litigation, we find that plaintiffs win patent litigation some 45% of the time at the trial court level. This has implications both for patent damages awards and for the incentives to innovate.
