Royalties, evolving patent rights, and the value of innovation

Edward F. Sherry and David Teece
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Edward F. Sherry: Institute of Management, Innovation and Organization, Haas School of Business, University of California, 1930554 Barrows Hall, Berkeley, CA 94720-1930, USA

Chapter 8 in The Transfer and Licensing of Know-How and Intellectual Property:Understanding the Multinational Enterprise in the Modern World, 2008, pp 151-163 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractThe 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. © 2003 Elsevier B. V. All rights reserved.

Keywords: Technology Transfer; Royalties; Licensing; Cross Licensing; Intellectual Property; Multinational Enterprise; Research and Development; Foreign Investment (search for similar items in EconPapers)
Date: 2008
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Journal Article: Royalties, evolving patent rights, and the value of innovation (2004)
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