Patent Markets in the Global Knowledge Economy
Theory, Empirics and Public Policy Implications

Survey of the theory, empirical evidence and public policy related to the role of patents in a global knowledge economy.

Thierry Madiès (Edited by), Dominique Guellec (Edited by), Jean-Claude Prager (Edited by)

9781107047105, Cambridge University Press

Hardback, published 20 March 2014

259 pages, 20 b/w illus. 9 tables
23.6 x 15.6 x 2.1 cm, 0.53 kg

The development of patent markets should allow for better circulation of knowledge and more efficient allocation of technologies at a global level. However, the beneficial role of patents has recently come under scrutiny by those favouring 'open' innovation, and important questions have been asked, namely: How can we estimate the value of patents? How do we ensure matching between supply and demand for such specific goods? Can these markets be competitive? Can we create a financial market for intellectual property rights? In this edited book, a team of authors addresses these key questions to bring readers up to date with current debates about the role of patents in a global economy. They draw on recent developments in economic analysis but also ground the discussion with the basics of patent and knowledge economics. Striking a balance between institutional analysis, theory and empirical evidence, the book will appeal to a broad readership of academics, students and practitioners.

Introduction D. Guellec, T. Madiès and J.-C. Prager
1. Market for patents: actors, workings and recent trends D. Guellec and Y. Menière
2. Strategic intelligence on patents F. Caillaud and Y. Menière
3. Microeconomic foundations of patent markets: the role of intermediaries, auctions and centralized markets A. Perrot and A. Yvrande-Billon
4. Structuring the market for intellectual property rights: lessons from financial markets O. Gassmann, M. A. Bader and F. Liegler
5. Valuation and rating methods for patents and patent portfolios M. Baudry
6. Dysfunctions of the patent system and their effects on competition D. Encaoua and T. Madiès
7. Valorization of public research results and patents: elements of international comparison R. Lallement
8. Openness, open innovation à la Chesbrough and intellectual property rights R. Carraz, I. Nakayama and Y. Harayama
Conclusion J.-C. Prager
Index.

Subject Areas: Intellectual property law [LNR], Entrepreneurship [KJH], Economics of industrial organisation [KCD]