Mechanisms To Enable Follow On Innovation
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Mechanisms to Enable Follow-On Innovation
The patent system is based on "one-patent-per-product" presumption and therefore fails to sustain complex follow-on innovations that contain a number of patents. The book explains that follow-on innovations may be subject to market failures such as hold-ups and excessive royalties. For decades, scholars have debated whether the market problems can be solved with voluntary licensing i.e., open innovation, or with compulsory liability rules. The book concludes that neither approach is sufficient. On the one hand, incentives to engage in open innovation practices involving patents are insufficient. On the other hand, the existing compulsory liability rules in patent and competition law are not tailored to address follow-on innovator's interests. To transcend this problem, the author proposes a compulsory liability rule against the suppression of follow-on innovation, that paradoxically, fosters early-on voluntary licensing between patent holders and follow-on innovators. The book is aimed at patent and competition law scholars and practitioners, patent attorneys, managers, engineers and economists who either engage in open innovation involving patents or conduct research on the topic. It also offers insights to policy and law-makers reviewing the possibilities to foster open innovation initiatives or adapt the scope of patent remedies or employ compulsory licenses for patents.
Patents, Innovation and Economic Performance
This publication contains a collection of policy-oriented papers prepared for an OECD conference on the development of patent regimes, innovation and economic performance, held in Paris in August 2003. The papers are grouped under five key themes of: links between patents and economic performance; changes in patents regimes; entrepreneurship and technology diffusion; intellectual property rights (IPR) for software and services; current and future policy challenges.
Intellectual Property Rights in the Post Pandemic World
Author: Taina Pihlajarinne
language: en
Publisher: Edward Elgar Publishing
Release Date: 2023-12-11
The drastic impact of the COVID-19 pandemic highlighted many of society’s systemic inequalities. In this timely and prescient book, Taina Pihlajarinne, Jukka Tapio Mähönen and Pratyush Nath Upreti explore the importance of intellectual property rights (IPRs) post pandemic and argue for a pressing revision of the current IPR system to build a more globally sustainable and just regime.