Perspectives on Commercializing Innovation

This book explores the ways that intellectual property impacts our economy and society.

F. Scott Kieff (Edited by), Troy A. Paredes (Edited by)

9780521887311, Cambridge University Press

Hardback, published 21 November 2011

596 pages, 12 b/w illus. 48 tables
23.4 x 15.9 x 3.3 cm, 0.91 kg

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.

Part I. Perspectives on Theories of Intellectual Property: 1. Intellectual property and the theory of the firm Daniel F. Spulber
2. A transactional view of property rights Robert P. Merges
3. The modularity of patent law Henry E. Smith
4. Forging a new environmental and resource economics paradigm: the contractual bases for exchange Terry L. Anderson and Gary D. Libecap
5. Commercializing the public domain Michael B. Abramowicz
Part II. Perspectives on the Problems of Anticommons and Patent Thickets: 6. A private ordering solution to the public problems of anticommons F. Scott Kieff and Troy A. Paredes
7. Understanding the RAND commitment Douglas Lichtman
8. Embryonic inventions and embryonic patents: prospects, prophecies, and pedis possessio John F. Duffy
9. Innovation and its discontents Adam B. Jaffe and Josh Lerner
Part III. Perspectives on Finance and Commercialization: 10. Patents as options Shaun Martin and Frank Partnoy
11. Access to finance and the technological innovation: a historical experiment Stephen Haber
12. The decline of the American inventor: a Schumpeterian story? Naomi R. Lamoreaux and Ken Sokoloff
Part IV. Perspectives on the University Innovation: 13. University software: patents, open source, and commercialization John R. Allison, Arti K. Rai and Bhaven Sampat
14. The impact of the Bayh-Dole Act on genetic research and development: evaluating the arguments and empirical research to date Charles R. McManis and Sucheol Noh
15. Patents, material transfers and access to research inputs in biomedical research Wesley M. Cohen, John P. Walsh and Charlene Cho
16. Are universities the new patent trolls? Mark Lemley
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 Mong-Yao Ker
18. Commercializing university research: beyond economic incentives Richard Gold.

Subject Areas: Commercial law [LNCB], Economic history [KCZ], History of ideas [JFCX]