Podcast
Questions and Answers
What is the primary reason for introducing a patent system according to the text?
What is the primary reason for introducing a patent system according to the text?
What is the consequence of firms not being able to fully appropriate the knowledge generated from R&D?
What is the consequence of firms not being able to fully appropriate the knowledge generated from R&D?
What does the graph above show regarding the social benefit of R&D compared to the private benefit?
What does the graph above show regarding the social benefit of R&D compared to the private benefit?
What happens to a firm when it has a monopoly due to a patent on its innovation?
What happens to a firm when it has a monopoly due to a patent on its innovation?
Signup and view all the answers
What is the tradeoff mentioned in relation to patents and innovation in the text?
What is the tradeoff mentioned in relation to patents and innovation in the text?
Signup and view all the answers
What determines the social surplus during the monopoly stage and after patent expiry?
What determines the social surplus during the monopoly stage and after patent expiry?
Signup and view all the answers
What was the impact of compulsory licensing on original inventors?
What was the impact of compulsory licensing on original inventors?
Signup and view all the answers
What was the purpose of comparing changes in patents for chemical inventions by domestic inventors across different technologies?
What was the purpose of comparing changes in patents for chemical inventions by domestic inventors across different technologies?
Signup and view all the answers
Based on the text, how long might it take for a country to fully benefit from compulsory licensing?
Based on the text, how long might it take for a country to fully benefit from compulsory licensing?
Signup and view all the answers
From the information provided, which countries benefited from the German patents added to their markets?
From the information provided, which countries benefited from the German patents added to their markets?
Signup and view all the answers
What role did German patents play in evolving the US market?
What role did German patents play in evolving the US market?
Signup and view all the answers
Why was it necessary to control for alternative factors that may have encouraged domestic invention?
Why was it necessary to control for alternative factors that may have encouraged domestic invention?
Signup and view all the answers
What is one reason society is willing to accept the dead weight loss during a patent's duration?
What is one reason society is willing to accept the dead weight loss during a patent's duration?
Signup and view all the answers
Why is the absence of intellectual property rights seen as a hindrance to product development?
Why is the absence of intellectual property rights seen as a hindrance to product development?
Signup and view all the answers
What challenge may arise from firms preferring secrecy over patenting their inventions?
What challenge may arise from firms preferring secrecy over patenting their inventions?
Signup and view all the answers
Why might some firms decide to implement new technologies early without seeking patent protection?
Why might some firms decide to implement new technologies early without seeking patent protection?
Signup and view all the answers
What was a significant change in Japanese patent reform analyzed by Sakakibara & Branstetter (2001)?
What was a significant change in Japanese patent reform analyzed by Sakakibara & Branstetter (2001)?
Signup and view all the answers
According to Lerner's study, what evidence was found regarding the impact of stronger patent laws on R&D investment?
According to Lerner's study, what evidence was found regarding the impact of stronger patent laws on R&D investment?
Signup and view all the answers
What is the primary purpose of patent pools as discussed by Lampe & Moser (2010)?
What is the primary purpose of patent pools as discussed by Lampe & Moser (2010)?
Signup and view all the answers
What is one of the procompetitive benefits that antitrust authorities favor patent pools for?
What is one of the procompetitive benefits that antitrust authorities favor patent pools for?
Signup and view all the answers
According to Lampe & Moser (2010), did the establishment of the sewing machine patent pool discourage litigation?
According to Lampe & Moser (2010), did the establishment of the sewing machine patent pool discourage litigation?
Signup and view all the answers
How did patents by outside firms change after the establishment of the sewing machine patent pool according to historical data?
How did patents by outside firms change after the establishment of the sewing machine patent pool according to historical data?
Signup and view all the answers
How does compulsory licensing impact the incentives for domestic invention in countries that license foreign technologies?
How does compulsory licensing impact the incentives for domestic invention in countries that license foreign technologies?
Signup and view all the answers
What was one aspect neglected in the debate on compulsory licensing according to the text?
What was one aspect neglected in the debate on compulsory licensing according to the text?
Signup and view all the answers
What was permitted by section 10 of the Trading with the Enemy Act passed by the US congress in Nov 1917?
What was permitted by section 10 of the Trading with the Enemy Act passed by the US congress in Nov 1917?
Signup and view all the answers
What do theoretical models predict about patent pools and innovation?
What do theoretical models predict about patent pools and innovation?
Signup and view all the answers
"The annual number of patents jumped from 25 in 1856 to almost 100 patents in 1858". What does this data suggest?
"The annual number of patents jumped from 25 in 1856 to almost 100 patents in 1858". What does this data suggest?
Signup and view all the answers