Patent Markets in the Global Knowledge Economy: Theory, Empirics and Public Policy Implications

The development of patent markets should allow for better circulation of knowledge and more efficient allocation of technologies at a global level. However, the beneficial role of patents has recently come under scrutiny by those favouring 'open' innovation, and important questions have been asked, namely: How can we estimate the value of patents? How do we ensure matching between supply and demand for such specific goods? Can these markets be competitive? Can we create a financial market for intellectual property rights? In this edited book, a team of authors addresses these key questions to bring readers up to date with current debates about the role of patents in a global economy. They draw on recent developments in economic analysis but also ground the discussion with the basics of patent and knowledge economics. Striking a balance between institutional analysis, theory and empirical evidence, the book will appeal to a broad readership of academics, students and practitioners.

Introduction D. Guellec, T. Madies and J.-C. Prager; 1. Market for patents: actors, workings and recent trends D. Guellec and Y. Meniere; 2. Strategic intelligence on patents F. Caillaud and Y. Meniere; 3. Microeconomic foundations of patent markets: the role of intermediaries, auctions and centralized markets A. Perrot and A. Yvrande-Billon; 4. Structuring the market for intellectual property rights: lessons from financial markets O. Gassmann, M. A. Bader and F. Liegler; 5. Valuation and rating methods for patents and patent portfolios M. Baudry; 6. Dysfunctions of the patent system and their effects on competition D. Encaoua and T. Madies; 7. Valorization of public research results and patents: elements of international comparison R. Lallement; 8. Openness, open innovation a la Chesbrough and intellectual property rights R. Carraz, I. Nakayama and Y. Harayama; Conclusion J.-C. Prager; Index.