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Mechanisms to Enable Follow-On Innovation = Liability Rules vs. Open Innovation Models /

Record Type:	Language materials, printed : Monograph/item
Title/Author:	Mechanisms to Enable Follow-On Innovation/ by Alina Wernick.
Reminder of title:	Liability Rules vs. Open Innovation Models /
Author:	Wernick, Alina.
Description:	XXIII, 450 p. 3 illus. in color.online resource. :
Contained By:	Springer Nature eBook
Subject:	Mass media. -
Online resource:	https://doi.org/10.1007/978-3-030-72257-9
ISBN:	9783030722579

Mechanisms to Enable Follow-On Innovation = Liability Rules vs. Open Innovation Models /
Wernick, Alina.

Mechanisms to Enable Follow-On InnovationLiability Rules vs. Open Innovation Models /[electronic resource] :by Alina Wernick. - 1st ed. 2021. - XXIII, 450 p. 3 illus. in color.online resource. - Munich Studies on Innovation and Competition,152199-7462 ;. - Munich Studies on Innovation and Competition,3.

Introduction -- Theory -- Open approaches to innovation -- Economic foundations of compulsory liability rules -- Legal foundations and sources of compulsory liability rules -- Compulsory licenses in patent law -- Denial of injunctive relief -- Compulsory liability rules in Competition Law -- Normative recommendation -- Conclusions.

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.

ISBN: 9783030722579

Standard No.: 10.1007/978-3-030-72257-9doiSubjects--Topical Terms:

556421
Mass media.

LC Class. No.: K4240-4343

Dewey Class. No.: 343.099

Mechanisms to Enable Follow-On Innovation = Liability Rules vs. Open Innovation Models /
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