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Recent Research on the Economics of Patents

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  • Bronwyn H. Hall

    () ( Department of Economics, University of California, Berkeley, California 94708
    Department of Economics, University of Maastricht, 6211 TC Maastricht, The Netherlands
    National Bureau of Economic Research, Cambridge, Massachusetts 02138
    Institute for Fiscal Studies, WC1E 7AE London, United Kingdom)

  • Dietmar Harhoff

    () ( INNO-tec, Ludwig-Maximilians-Universität München, D-80539 München, Germany
    6Centre for Economic Policy Research, EC1V 3PZ London, United Kingdom)

Abstract

This review surveys recent research on the economics of patents. The topics covered include theoretical and empirical evidence on patents as incentives for innovation, the effectiveness of patents for invention disclosure, patent valuation, and the design of patent systems. We also look at some current policy areas, including software and business method patents, university patenting, and the growth in patent litigation.

Suggested Citation

  • Bronwyn H. Hall & Dietmar Harhoff, 2012. "Recent Research on the Economics of Patents," Annual Review of Economics, Annual Reviews, vol. 4(1), pages 541-565, July.
  • Handle: RePEc:anr:reveco:v:4:y:2012:p:541-565
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    References listed on IDEAS

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    More about this item

    Keywords

    IPR; licensing; innovation; disclosure; litigation; invention;

    JEL classification:

    • O34 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Intellectual Property and Intellectual Capital
    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • L20 - Industrial Organization - - Firm Objectives, Organization, and Behavior - - - General

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