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Royalty Stacking and Standard Essential Patents: Theory and Evidence from the World Mobile Wireless Industry

by Alexander Galetovic, Kirti Guptavia IP2 Working Paper Series
Friday, May 1, 2015

IP² Working Paper No. 15012 - The royalty stacking hypothesis states that each standard essential patent (SEP) holder will charge excessive royalties to downstream manufacturers.

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The Role of Patent Law in the Innovation Cycle

by Richard A. Epsteinvia IP2 Working Paper Series
Friday, May 1, 2015

IP² Working Paper No. 15011 - The innovation cycle for inventive technologies contains four separate stages. The initial startup, the infusion of venture capital, the commercialization of patented products, and the protection of the underlying rights needed to gird up the first three stages.

Transparency And The Bank Of England’s Monetary Policy Committee

by Kevin Warsh
Wednesday, December 17, 2014

Transparency is the watchword for monetary policy, and greater openness the hallmark of the modern central bank. Before it was fashionable, the Bank of England (Bank) was an early pioneer in the pursuit of transparency. In 1993, the institution became the first among its peers to publish an inflation report. The Bank renewed its transparency efforts after it was granted operational independence from Her Majesty’s Government in 1997. The newly created Monetary Policy Committee (MPC) was determined to build a strong public constituency in support of its price stability mandate.

A Tractable Framework for Analyzing A Class Of Nonstationary Markov Models

by Lilia Maliar, Serguei Maliar, John B. Taylor, Inna Tsenervia Economics Working Papers
Monday, May 18, 2015

Economics Working Paper WP15105

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An Empirical Examination of Patent Hold-Up

by Alexander Galetovic, Stephen Haber, Ross Levinevia IP2 Working Paper Series
Monday, March 30, 2015

IP² Working Paper No. 15010 - A large literature asserts that standard essential patents (SEPs) allow their owners to “hold up” innovation by charging fees that exceed their incremental contribution to a final product.

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