University of Pennsylvania Law Review Page 1 University of Pennsylvania Law Review
FOUNDED 1852 Formerly American Law Register VOL. 154 NOVEMBER 2005 No. 1 …

Patents. Inventors. To most, these words conjure a vision of the solitary genius, the heroic
individual-Edison, Bell, Morse-working late into the evening in a garage to perfect a device …

PATENTS play a crucial role in the economy. The economic principles underlying the patent
system have not always been well understood, especially in the courts. In part, the difficulty …

A new era in patent law has dawned. After years of demand for patent reform and six years
of intense negotiations over potential reforms,'the enactment of the historic Leahy-Smith …

Those who possess property for a limited time tend to exercise less care with it than do those
who expect to own the property in perpetuity. For example, an individual renting a car may …

Sixteen years ago, two of us published the first detailed empirical look at patent litigation. In
this Article, we update and expand the earlier study with a new hand-coded data set. We …

Edmund Kitch's prospect theory of patents has been hailed as" one of the most significant
efforts to integrate intellectual property with property rights theory," but it has also remained …

The economic significance of a patent depends on its scope: the broader the scope, the
larger the number of competing products and processes that will infringe the patent. Many …

Critics of the patent system suggest the rules for determining patentability should be stricter,
subjecting patents to more scrutiny during Patent Office examination. This Article offers a …

A great deal has been written lately on the growing importance of intellectual property rights
to the economy. With this new focus has come increased attention to the patent system. It is …