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The Patent Policy Debate In The High-Tech World

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  • Kirti Gupta

Abstract

Increases in patent awards and the growing economic importance of innovation have generated a debate among academics and public policy makers about the fundamental nature of the patent system. The debate raises questions regarding the fairness of the patent system, the validity of many types of patents, the rights of the “haves” versus the “have nots,” and whether patents are fostering or harming innovation. The debate focuses on a handful of issues: are there too many patents, are there non-navigable “patent thickets,” do these thickets cause a “holdup” problem for new innovators and implementers, do the royalties that need to be paid for several patents covering a single product stack together to form prohibitive royalty rates, how should reasonable licensing terms and damages for patents be defined, and so forth. This article examines the economic literature on patent policy with particular consideration of empirical analysis. The article finds limited empirical support for many of the policy concerns about the patent system. The discussion suggests the need for extending and improving empirical analysis of patents and technology standards.

Suggested Citation

  • Kirti Gupta, 2013. "The Patent Policy Debate In The High-Tech World," Journal of Competition Law and Economics, Oxford University Press, vol. 9(4), pages 827-858.
  • Handle: RePEc:oup:jcomle:v:9:y:2013:i:4:p:827-858.
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    File URL: http://hdl.handle.net/10.1093/joclec/nht039
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    Citations

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    Cited by:

    1. Stefano Comino & Fabio M. Manenti & NIkolaus Thumm, 2017. "The Role of Patents in Information and Communication Technologies (ICTs). A survey of the Literature," "Marco Fanno" Working Papers 0212, Dipartimento di Scienze Economiche "Marco Fanno".
    2. Luisa Fernanda Herrera Sierra, 2019. "El derecho de la competencia y las licencias FRAND : herramientas para el acceso a invenciones," Books, Universidad Externado de Colombia, Facultad de Derecho, number 1170, htpr_v3_i.
    3. Galetovic, Alexander & Haber, Stephen & Zaretzki, Lew, 2018. "An estimate of the average cumulative royalty yield in the world mobile phone industry: Theory, measurement and results," Telecommunications Policy, Elsevier, vol. 42(3), pages 263-276.
    4. Heikkilä, Jussi & Rissanen, Julius & Ali-Vehmas, Timo, 2023. "Coopetition, standardization and general purpose technologies: A framework and an application," Telecommunications Policy, Elsevier, vol. 47(4).
    5. Fiedler, Clemens & Larrain, Maria & Prüfer, Jens, 2023. "Membership, governance, and lobbying in standard-setting organizations," Research Policy, Elsevier, vol. 52(6).

    More about this item

    JEL classification:

    • K11 - Law and Economics - - Basic Areas of Law - - - Property Law
    • K21 - Law and Economics - - Regulation and Business Law - - - Antitrust Law
    • L44 - Industrial Organization - - Antitrust Issues and Policies - - - Antitrust Policy and Public Enterprise, Nonprofit Institutions, and Professional Organizations
    • L51 - Industrial Organization - - Regulation and Industrial Policy - - - Economics of Regulation
    • L52 - Industrial Organization - - Regulation and Industrial Policy - - - Industrial Policy; Sectoral Planning Methods

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