Econ 483_Lecture 3_Patents_Market structure

During wwi the us military browbeat airplane

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Unformatted text preview: & Technology, Evangelia Chalioti c A ll rights reserved. IP Characteristics Exemptions Governments can suspend patent rights during times of national need. During WWI, - the US military browbeat airplane companies into cross-licensing each other - the radio patents were suspended. - the US seized 5,000 German chemical patents, including aspirin & licensed them to American manufacturers. Lecture 3: IP & market structure, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. IP Characteristics Patents’examination Relief : The courts punish infringers. Main tools: money damages, paid by the infringer to the rightholder "lost pro…t": restoration of pro…t If the infringer acted in bad faith, courts can increase damages up to 3 times the actual injury. Lecture 3: IP & market structure, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. IP Characteristics Patents’examination Quality of patents: Quality is controlled by professional examiners. Examiners search the literature to make sure that the invention is new etc. In the US, reexamination can be requested by any member of the public at any point in the life of the patent. In the EU, only an "opposition" to the patent can request reexamination. Lecture 3: IP & market structure, Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. IP Lecture 3: IP & market structure, Characteristics Econ483: Econ of Innovation & Technology, Evangelia Chalioti c A ll rights reserved. IP Characteristics One-size-…ts-all The righ...
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