Learn More
We theoretically and empirically examine recent business models of defensive and offensive patent trading by specialized service firms also called non-practicing entities (NPEs). We develop a theoretical model of competition between NPEs and operating firms to win a patent auction, wherein operating firms have private information on their exposure to(More)
This article analyzes the relationship between private and social value of patents, comparing discrete and cumulative innovation. Indicators of the social value of patents are known to be less correlated with measures of private value in technological fields where innovation is more cumulative. We test whether this is because the link between private and(More)
  • 1