-period competition, but simultaneously removes constraints to successful future innovation. The choice of whether to vigorously pursue … (2007) to study patent litigation strategy and rates of innovation. We show that a legal regime where infringement is … strategy effect may reduce levels of innovation. Antitrust policy should seek to attenuate this effect, and may do so by …

I introduce and analyze an equilibrium model of discovery, innovation, patenting and infringement. Firms that innovate …