Perspectives on Commercializing Innovation

Author: F. Scott Kieff; Troy A. Paredes
Publisher: Cambridge University Press
ISBN: 9780521887311
Published In: February 2012
Format: Hardback , 596 pages
Jurisdiction: International ? Disclaimer:
Countri(es) stated herein are used as reference only

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Intellectual property is a vital part of the global economy, accounting for about half of the GDP in countries like the United States. Innovation, competition, economic growth and jobs can all be helped or hurt by different approaches to this key asset class, where seemingly slight changes in the rules of the game can have remarkable impact. This book brings together diverse perspectives from the fields of law, economics, business and political science to explore the ways varying approaches to intellectual property can positively and negatively impact our economy and society. Employing approaches that are both theoretically rigorous and grounded in the real world, Perspectives on Commercializing Innovation is well suited for practising lawyers, managers, lawmakers and analysts, as well as academics conducting research or teaching in a range of courses in law schools, business schools and economics departments, at either the undergraduate or graduate level.

• Presents diverse perspectives on key practical and theoretical insights for improving innovation and its impact on the economy and society

• Chapters are both theoretically rigorous and grounded in the real world – well suited for academics as well as practising lawyers, managers, lawmakers, and analysts

• Well suited for a range of courses in law schools, business schools and in economics departments, at either the undergraduate or graduate level

Contributors	ix
Dedication	xiii
Acknowledgments	xv
Introduction F. Scott Kieff and Troy A. Paredes	1
Part i: Perspectives on theories of intellectual property
1 Intellectual Property and the Theory of the Firm Daniel F. Spulber	9
2 A Transactional View of Property Rights Robert P. Merges	47
3 The Modularity of Patent Law Henry E. Smith	83
4 Forging a New Environmental and Resource Economics Paradigm: The Contractual Bases for Exchange Terry L. Anderson and Gary D. Libecap	117
5 Privatizing the Public Domain Michael B. Abramowicz	144
Part ii: Perspectives on the problems of anticommons and patent thickets
6 Engineering a Deal: Toward a Private Ordering Solution to the Anticommons Problem F. Scott Kieff and Troy A. Paredes	179
7 Understanding the RAND Commitment Douglas Lichtman	211
8 Embryonic Inventions and Embryonic Patents: Prospects, Prophecies, and Pedis Possessio John F. Duffy	234
9 Innovation and Its Discontents Adam B. Jaffe and Josh Lerner	268
Part iii: Perspectives on finance and commercialization
10 Patents as Options Shaun Martin and Frank Partnoy	303
11 Access to Finance and the Technological Innovation: A Historical Experiment Stephen Haber	327
12 The Decline of the Independent Inventor: A Schumpeterian Story? Naomi R. Lamoreaux and Kenneth L. Sokoloff	359
Part iv: Perspectives on the university innovation
13 University Software Ownership and Litigation: A First Examination Arti K. Rai, John R. Allison, and Bhaven N. Sampat	395
14 The Impact of the Bayh-Dole Act on Genetic Research and Development: Evaluating the Arguments and Empirical Evidence to Date Charles R. McManis and Sucheol Noh	435
15 Patents, Material Transfers, and Access to Research Inputs in Biomedical Research John P. Walsh, Charlene Cho, and Wesley M. Cohen	489
16 Are Universities Patent Trolls? Mark A. Lemley	531
Part v: Perspectives on international considerations
17 Successful Factors for Commercializing the Results of Research and Development in Emerging Economies – A Preliminary Study of ITRI in Taiwan Paul C. B. Liu, Kuang-Wei Chueh, and Galland M. Y. Ger	549
18 Commercializing University Research: Beyond Economic Incentives E. Richard Gold and Tal Srulovicz	560
Index	577