1 Patent Outcome Region (t = 80%) a b c. 2 Quality Improvements in the POR (t = 80%)

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Presentation transcript:

1 Patent Outcome Region (t = 80%) a b c

2 Quality Improvements in the POR (t = 80%)

3 The Good, the Bad… (t = 100%)

4 All Patents Are Not Equally Good (t = 100%)

Socially Optimal Policy (t = 100%) Best Patent Policy

POR Volume (length, height, and width) POR (length = 100%) POR (length = 2%)

Social Optimal Policy (for each patent length) r t s POR (length = 100%) POR (length = 2%)

8 Should Software Patents Be Shorter?

9 Impact of the Innovator’s Production Efficiency on the POR