Private Value Determinations and the Potential Effect on the Future of Research and Development
29 Pages Posted: 20 Mar 2015
Date Written: March 18, 2015
Although the promise of an emerging patent market is thought to provide future benefits to invention, innovation, and the public, this essay examines the possibility that the aggregate influence of this activity could instead destabilize patent values in a manner that mirrors the "bubble" phenomenon that occurred in certain markets in the past. To the extent that this occurs, this would destabilize the patent system and might have negative consequences for the future of investment in research, development and innovation.
Keywords: Patent, Patent Litigation, Economics, Patent Monetization, Intellectual Property, Trolls, PAE
JEL Classification: 031, 032, 033, 034, 038
Suggested Citation: Suggested Citation