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Economic efficiency of patent markets: SEP licenses under FRAND conditions
A long-standing principle of patent systems is that the patent holder can decide whom to license based on the field-of-use and what to ask, creating a mechanism to price differentiate, that is, to charge different prices for the same patented technology, depending on the value of its use. Such a mechanism allows the patented […]
Institutions, not only enforcement, key to generating growth through patent market coordination
Why are inventors willing to take more risk in searching for new, more productive technology? This article examines coordination between inventors inventing and innovators in need for and using new patented technology, using an economic experiment. The results indicate that the institutional arrangements matter more than enforcement in this learning process. In particular increased flexibility in […]
Risk Management and the strategic role of services and IP in today’s economy
How should services be priced? This article outlines five steps towards a service logic driven by changes in IP and deregulation of major economic activities. Article was published in Geneva Papers on Risk and Insurance in 2002 and can be found at Geneva Associations.
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