Abstract

http://ssrn.com/abstract=1020276
 
 

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Tradable Patent Rights


Ian Ayres


Yale University - Yale Law School; Yale University - Yale School of Management

Gideon Parchomovsky


University of Pennsylvania Law School; Bar Ilan University - Faculty of Law

2007

Stanford Law Review, Vol. 60, Pg. 863, 2007
U of Penn, Inst for Law & Econ Research Paper No. 07-23
Yale Law & Economics Research Paper No. 350
Yale Law School, Public Law Working Paper No. 145
U of Penn Law School, Public Law Research Paper No. 07-43

Abstract:     
Patent thickets may inefficient retard cumulative innovation. This paper explores two alternative mechanisms that may be used to weed out patent thickets. Both mechanisms are intended to reduce the number of patents in our society. The first mechanism we discuss is price based regulation of patents through a system of increasing renewal fees. The second and more innovative mechanism is quantity based regulation through the establishment of a system of Tradable Patent Rights. The formalization of tradable patent rights would essentially create a secondary market for patent permits in which patent protection will be bought and sold.

Number of Pages in PDF File: 32

Keywords: permits, thickets, license fees, licensing, social costs, infringement, renewal fees, tragedy of the commons, enforcement

JEL Classification: D23, K11, O34,

working papers series


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Date posted: October 10, 2007 ; Last revised: May 25, 2014

Suggested Citation

Ayres, Ian and Parchomovsky, Gideon, Tradable Patent Rights (2007). Stanford Law Review, Vol. 60, Pg. 863, 2007; U of Penn, Inst for Law & Econ Research Paper No. 07-23; Yale Law & Economics Research Paper No. 350; Yale Law School, Public Law Working Paper No. 145; U of Penn Law School, Public Law Research Paper No. 07-43. Available at SSRN: http://ssrn.com/abstract=1020276 or http://dx.doi.org/10.2139/ssrn.1020276

Contact Information

Ian Ayres (Contact Author)
Yale University - Yale Law School ( email )
P.O. Box 208215
New Haven, CT 06520-8215
United States
203-432-7101 (Phone)
203-432-2592 (Fax)
Yale University - Yale School of Management
135 Prospect Street
P.O. Box 208200
New Haven, CT 06520-8200
United States
Gideon Parchomovsky
University of Pennsylvania Law School ( email )
3501 Sansom Street
Philadelphia, PA 19104
United States
215-898-1603 (Phone)
Bar Ilan University - Faculty of Law ( email )
Ramat Gan 52900
Israel
972-2-5317078 (Phone)
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