implies that both patent and copyright laws should be dramatically altered. To back up our claim we provide theoretical …

incentives to litigate in defence of a patent and, thus, the prospects of infringement and the effective protection of the … innovator. We compare the resort to a financier once the infringement has occurred (ex-post financing) with patent litigation …-best outcome: a situation in which patent predation is deterred without inducing excessive litigation. …

This paper examines patent protection in an endogenous-growth model. Our aim is two-fold. First, we show how the patent … policies discussed by the recent patent-design literature can influence R&D in the endogenous-growth framework, where the role … of the patent-design literature. In a general-equilibrium model, both incentives to innovate and monopoly distortions …

importantly, unobservable patent specific heterogeneity in the responsiveness of patent location to tax. Our results suggest that … substantial heterogeneity in responses. We simulate the impact of recent reforms that apply a lower tax rate to patent income …, finding that they attract patent income but result in losses in government revenues. …