The Economics of Innovation and Intellectual Property

Bronwyn H. Hall is Professor of Economics Emerita at the University of California at Berkeley, Visiting Professor at MPI-Munich, and a Research Associate at the NBER, IFS-London, and the Innovation Lab, College de France. She received the 2024 Award of the Distinguished Fellow granted by the American Economic Association. She has published numerous articles on the economics and econometrics of technical change and innovation and is the editor of the Handbook of the Economics of Innovation in the Elsevier series of economic handbooks. Her research includes analysis of the use of intellectual property systems in developed and developing countries, the valuation of intangible (knowledge) assets, comparative firm-level R&D investment and innovation studies, measuring the returns to R&D and innovation, and analysis of such technology policies as R&D subsidies and tax incentives. Christian Helmers is Professor of Economics at the Leavey School of Business at Santa Clara University andVisiting Professor at KU Leuven. His research focuses on innovation and intellectual property. Before joining Santa Clara, he was an assistant professor at Universidad Carlos III, Madrid. Prior to that, he worked as a research economist at the London School of Economics.

There is a 'before' and an 'after' Hall and Helmer's masterful textbook. Up to now, a reader interested both in the economic impacts of innovation and in the role and design of patent systems would have no synthetic text to rely upon. The Economics of Innovation and Intellectual Property does a beautiful job at filling this gap. With great pedagogy, the authors bring the reader to the knowledge frontier on both the macroeconomic impacts and the microeconomic underpinnings of innovation. This book is an absolute must-read for anyone

• List of IllustrationsPreface Acknowledgements How to Use This Book I. Innovation 1: Innovation and Intellectual Property 2: What Is Innovation? 3: Supply and Demand for Innovation4: Appropriation Mechanisms 5: Innovation and Competition in Firms6: Returns to R&D and Innovation7: Diffusion8: Innovation Strategy9: Innovation and Economic Growth10: Innovation Policy II: Intellectual Property Rights and Their Use11: Patents, Utility Models, Design Rights, and Plant Breeder Rights12: Trademarks and Brands 13: Copyright14: Alternatives to Intellectual Property III: The Patent System15: Intellectual Property Rights and Economic Development 16: Patents and Pharmaceuticals17: Software, Business Methods, Open Source, and Artificial Intelligence18: Strategic Patenting, Patent Portfolio Races, and Patent Thickets19: Patent Litigation and Enforcement 20: The Sharing and Exchange of Patents21: Technology Standards and Standard Essential Patents 22: Patent Trolls IV: AppendicesA: Mathematics and StatisticsB: List of AbbreviationsC: Data BibliographyIndex