Patent Quality and Pro-patent Policy

This paper analyzes the patent examination and litigation process in terms of a simple Perfect Bayesian Equilibrium model, and interprets the results in line with real pro-patent trends in the US and other countries. Each country's pro-patent policy option is different from the other because of...

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Autor principal:	Arai,Koki
Lenguaje:	English
Publicado:	Universidad Alberto Hurtado. Facultad de Economía y Negocios 2010
Materias:	patent quality Perfect Bayesian Equilibrium pro-patent policy
Acceso en línea:	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242010000400001
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spelling	oai:scielo:S0718-272420100004000012011-03-22Patent Quality and Pro-patent PolicyArai,Koki patent quality Perfect Bayesian Equilibrium pro-patent policy This paper analyzes the patent examination and litigation process in terms of a simple Perfect Bayesian Equilibrium model, and interprets the results in line with real pro-patent trends in the US and other countries. Each country's pro-patent policy option is different from the other because of reflecting its own path-dependent patent situation. That is, when a country adopts an easy patent policy (a pro-patent policy), firms in the country gain larger payoffs in the short term. Hence, every country seeks to adopt an easy patent policy. However, the easy patent policy undermines the true invention incentive. In this situation, it is difficult for any country to escape the problem, depending on the historical inertia.info:eu-repo/semantics/openAccessUniversidad Alberto Hurtado. Facultad de Economía y NegociosJournal of technology management & innovation v.5 n.4 20102010-12-01text/htmlhttp://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242010000400001en10.4067/S0718-27242010000400001
institution	Scielo Chile
collection	Scielo Chile
language	English
topic	patent quality Perfect Bayesian Equilibrium pro-patent policy
spellingShingle	patent quality Perfect Bayesian Equilibrium pro-patent policy Arai,Koki Patent Quality and Pro-patent Policy
description	This paper analyzes the patent examination and litigation process in terms of a simple Perfect Bayesian Equilibrium model, and interprets the results in line with real pro-patent trends in the US and other countries. Each country's pro-patent policy option is different from the other because of reflecting its own path-dependent patent situation. That is, when a country adopts an easy patent policy (a pro-patent policy), firms in the country gain larger payoffs in the short term. Hence, every country seeks to adopt an easy patent policy. However, the easy patent policy undermines the true invention incentive. In this situation, it is difficult for any country to escape the problem, depending on the historical inertia.
author	Arai,Koki
author_facet	Arai,Koki
author_sort	Arai,Koki
title	Patent Quality and Pro-patent Policy
title_short	Patent Quality and Pro-patent Policy
title_full	Patent Quality and Pro-patent Policy
title_fullStr	Patent Quality and Pro-patent Policy
title_full_unstemmed	Patent Quality and Pro-patent Policy
title_sort	patent quality and pro-patent policy
publisher	Universidad Alberto Hurtado. Facultad de Economía y Negocios
publishDate	2010
url	http://www.scielo.cl/scielo.php?script=sci_arttext&pid=S0718-27242010000400001
work_keys_str_mv	AT araikoki patentqualityandpropatentpolicy
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Patent Quality and Pro-patent Policy

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