21 research outputs found
Patent litigation settlement in Germany - why parties settle during trial
This paper looks at the decision to settle patent litigation in Germany from a new
angle by focusing on detailed data on within-trial actions and motivations by plain-
tiff, defendant and the courts. Using a new dataset covering about 80% of all patent
litigation cases in Germany between 2000 and 2008 we estimate the likelihood of
within-trial settlement. We find that the within-trial settlement decision is to some
degree driven by the proceedings that change the pre-trial setting of the negotia-This paper looks at the decision to settle patent litigation in Germany from a new
angle by focusing on detailed data on within-trial actions and motivations by plain-
tiff, defendant and the courts. Using a new dataset covering about 80% of all patent
litigation cases in Germany between 2000 and 2008 we estimate the likelihood of
within-trial settlement. We find that the within-trial settlement decision is to some
degree driven by the proceedings that change the pre-trial setting of the negotia-
tions in terms of information and stakes and make previously refused settlement
a new option. Additionally, firm-specific stakes as measured by the relation of the
involved parties to the disputed patent as well as firm-specific strategies are found
to affect the general willingness to settle after the filing of a court case. The results
suggest that pre-trial failure of settlement negotiations can to some extent be offset
by within-trial settlement through efforts made by court and involved parties, but
that the disposition to settle is to a larger degree determined by firm-specific stakes
and strategies in the case
The effect of patent litigation on firm performance - evidence for Germany
I analyse how patent litigation outcome in Germany affects the performance of
the disputing firms by interpreting changes in a firm's credit rating as a proxy
for changes in firm performance. The results match theoretical considerations on
the functioning of the bifurcated German patent litigation system: The separation
of litigation and invalidity decisions, resulting in invalidity decisions taking much
longer than decisions on infringement, provides patent holders with a window of
opportunity to enforce patents that may later be invalidated. This shifts a major
share of the immediate risk to the defendant and allocates bargaining power to
the plaintiff. The estimation results provide support for this incongruity. Plaintiffs
on average profit from litigation while defendants agreeing upon a settlement deal
lose as much as defendants losing in trial. I further show that small, inexperienced
defendant firms are at a disadvantage when dealing with litigation
Knowledge creates markets : the influence of entrepreneurial support and patent rights on academic entrepreneurship
We use an exogenous change in German Federal law to examine how entrepreneurial support and the ownership of patent rights influence academic entrepreneurship. In 2002, the German Federal Government enacted a major reform called Knowledge Creates Markets that set up new infrastructure to facilitate university-industry technology transfer and shifted the ownership of patent rights from university researchers to their universities. Based on a novel researcher-level panel database that includes a control group not affected by the policy change, we find no evidence that the new infrastructure resulted in an increase in start-up companies by university researchers. The shift in patent rights may have strengthened the relationship between patents on university-discovered inventions and university start-ups; however, it substantially decreased the volume of patents with the largest decrease taking place in faculty-firm patenting relationships
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Patent litigation in Europe
We compare patent litigation cases across four European jurisdictions – Germany, France, the Netherlands, and the UK – covering cases filed during the period 2000-2008. For our analysis, we assemble a new dataset that contains detailed information at the case, litigant, and patent level for patent cases filed at the major courts in the four jurisdictions. We find substantial differences across jurisdictions in terms of case loads. Courts in Germany hear by far the largest number of cases in absolute terms, but also when taking country size into account. We also find important between-country differences in terms of outcomes, the share of cases that is appealed, as well as the characteristics of litigants and litigated patents. A considerable number of patents are litigated in multiple jurisdictions, but the majority of patents are subject to litigation only in one of the four jurisdictions
Essays on the role of patent law and science policy for the production and commercialization of knowledge.
status: publishe
Knowledge creates markets : the influence of entrepreneurial support and patent rights on academic entrepreneurship
We use an exogenous change in German Federal law to examine how entrepreneurial support and the ownership of patent rights influence academic entrepreneurship. In 2002, the German Federal Government enacted a major reform called Knowledge Creates Markets that set up new infrastructure to facilitate university-industry technology transfer and shifted the ownership of patent rights from university researchers to their universities. Based on a novel researcher-level panel database that includes a control group not affected by the policy change, we find no evidence that the new infrastructure resulted in an increase in start-up companies by university researchers. The shift in patent rights may have strengthened the relationship between patents on university-discovered inventions and university start-ups; however, it substantially decreased the volume of patents with the largest decrease taking place in faculty-firm patenting relationships
Knowledge creates markets: The influence of entrepreneurial support and patent rights on academic entrepreneurship
We use an exogenous change in German Federal law to examine how entrepreneurial support and the ownership of patent rights influence academic entrepreneurship. In 2002, the German Federal Government enacted a major reform called Knowledge Creates Markets that set up new infrastructure to facilitate university-industry technology transfer and shifted the ownership of patent rights from university researchers to their universities. Based on a novel researcher-level panel database that includes a control group not affected by the policy change, we find no evidence that the new infrastructure resulted in an increase in start-up companies by university researchers. The shift in patent rights may have strengthened the relationship between patents on university-discovered inventions and university start-ups; however, it substantially decreased the volume of patents with the largest decrease taking place in faculty-firm patenting relationships.nrpages: 46status: publishe
Individual versus institutional ownership of university-discovered inventions
We examine how the ownership of intellectual property rights influences patenting of university-discovered inventions. In 2002, Germany transferred patent rights from faculty members to their universities. To identify the effect on the volume of patenting, we exploit the researcher-level exogeneity of the 2002 policy change using a novel researcher-level panel database that includes a control group not affected by the law change. For professors who had existing industry connections, the policy decreased patenting, but for those without prior industry connections, it increased patenting. Overall, fewer university inventions were patented following the shift from inventor to institutional ownership.nrpages: 39status: publishe