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ifo Institut – Leibniz-Institut für Wirtschaftsforschung an der Universität München >
CESifo Working Papers, CESifo Group Munich >
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http://hdl.handle.net/10419/25823
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| Title: | | How reasonable is the reasonable royalty rate?: Damage rules and probabilistic intellectual property rights  |
| Authors: | | Choi, Jay Pil |
| Issue Date: | | 2006 |
| Series/Report no.: | | CESifo working paper 1778 |
| Abstract: | | This paper investigates how different damage rules in patent infringement cases shape competition when intellectual property rights are probabilistic. I develop a simple model of oligopolistic competition to compare two main liability doctrines that have been used in the US to assess infringement damages the unjust enrichment rule and the lost profit rule. It also points out the logical inconsistency in the concept of the reasonable royalty rates when intellectual property rights are not ironclad. |
| JEL: | | O3 L1 L4 D8 K4 |
| Document Type: | | Working Paper |
| Appears in Collections: | | CESifo Working Papers, CESifo Group Munich
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