We examine the effects of market structure and the internal organization of firms on equilibrium R&D projects. We compare a monopolist's choice of R&D portfolio to that of a welfare maximizer. We next show that Sah and Stiglitz's finding that the market portfolio of R&D is independent of the...

U.S. patent law decrees that the first firm to inventa technology is awarded the patent for that technology.However, if onefirm had created a technology but had chosen to keep their invention a secret,said firm would have no claim to the invention if another firm later createdthe same technology...

In this comment to ITC Investigation 337-TA-745 (Certain Wireless Communication Devices, Motorola v. Apple) we, as teachers and scholars of economics, antitrust and intellectual property, remedies, administrative, and international intellectual property law, former Department of Justice lawyers...