Book contents
- On the Shoulders of Giants
- Econometric Society Monographs
- On the Shoulders of Giants
- Copyright page
- Dedication
- Contents
- Contributors
- Preface
- Acknowledgments
- Chapter 1 Introduction
- Part I Threads in the Tapestry
- Part II Innovation Theory (I): Cumulative Innovation
- Part III Innovation Theory (II): Law and Economics
- Chapter 19 The Long Journey: From Models to Legal Doctrine
- Chapter 20 M. Schankerman and S. Scotchmer, “Damages and Injunctions in Protecting Intellectual Property” (1999)
- Chapter 21 Pamela Samuelson and Suzanne Scotchmer, “The Law and Economics of Reverse Engineering” (2002)
- Chapter 22 S. M. Maurer and S. Scotchmer, “Profit Neutrality in Licensing: The Boundary Between Antitrust Law and Patent Law” (2006)
- Introduction Stephen M. Maurer
- Profit Neutrality in Licensing: The Boundary Between Antitrust Law and Patent Law
- References
- Documents
- Part IV Club Theory
- Part V Evolutionary Game Theory
- Part VI Public Policy
- Part VII Living Legacy
- Part VIII Epilog
- Bibliography
- Index
- References
Documents
from Chapter 22 - S. M. Maurer and S. Scotchmer, “Profit Neutrality in Licensing: The Boundary Between Antitrust Law and Patent Law” (2006)
Published online by Cambridge University Press: 12 October 2017
- On the Shoulders of Giants
- Econometric Society Monographs
- On the Shoulders of Giants
- Copyright page
- Dedication
- Contents
- Contributors
- Preface
- Acknowledgments
- Chapter 1 Introduction
- Part I Threads in the Tapestry
- Part II Innovation Theory (I): Cumulative Innovation
- Part III Innovation Theory (II): Law and Economics
- Chapter 19 The Long Journey: From Models to Legal Doctrine
- Chapter 20 M. Schankerman and S. Scotchmer, “Damages and Injunctions in Protecting Intellectual Property” (1999)
- Chapter 21 Pamela Samuelson and Suzanne Scotchmer, “The Law and Economics of Reverse Engineering” (2002)
- Chapter 22 S. M. Maurer and S. Scotchmer, “Profit Neutrality in Licensing: The Boundary Between Antitrust Law and Patent Law” (2006)
- Introduction Stephen M. Maurer
- Profit Neutrality in Licensing: The Boundary Between Antitrust Law and Patent Law
- References
- Documents
- Part IV Club Theory
- Part V Evolutionary Game Theory
- Part VI Public Policy
- Part VII Living Legacy
- Part VIII Epilog
- Bibliography
- Index
- References
Summary
We address the patent/antitrust conflict in licensing and develop three guiding principles for deciding acceptable terms of license. Profit neutrality holds that patent rewards should not depend on the rightholder’s ability to work the patent himself. Derived reward holds that the patentholder’s profits should be earned, if at all, from the social value created by the invention. Minimalism holds that licenses should not be more restrictive than necessary to achieve neutrality. We argue that these principles are economically sound and rationalize some key decisions of the twentieth century such as General Electric and Line Material.
- Type
- Chapter
- Information
- On the Shoulders of GiantsColleagues Remember Suzanne Scotchmer's Contributions to Economics, pp. 230 - 262Publisher: Cambridge University PressPrint publication year: 2017