Optimal remedies for patent infringement
| Autor: | Keith N. Hylton, Mengxi Zhang |
|---|---|
| Rok vydání: | 2017 |
| Předmět: |
050502 law
Economics and Econometrics Actuarial science Economics 05 social sciences Patent infringement ComputingMilieux_LEGALASPECTSOFCOMPUTING Intellectual property Investment (macroeconomics) ComputingMilieux_GENERAL Patent troll Innovator 0502 economics and business Value (economics) Damages Business 050207 economics Law Finance 0505 law Law and economics |
| Popis: | This paper derives optimal remedies for patent infringement, examining damages awards and injunctions. The fundamental optimality condition that applies to both awards and injunctions equates the marginal static cost of intellectual property protection with the marginal “dynamic” benefit from the innovation thereby induced. We find that the optimal damages award may be greater than (or less than) the standard “lost profits” measure, depending on the social value of the innovation. When the social value of the patent is sufficiently high, the optimal award induces socially efficient investment by giving the innovator the entire social value of her investment. |
| Databáze: | OpenAIRE |
| Externí odkaz: |
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