New Approaches to Old Questions in Intellectual Property
- Hicks, James
- Advisor(s): McCrary, Justin;
- Rubinfeld, Daniel
Abstract
This dissertation presents three empirical studies of the American intellectual property system.
In the first chapter, my coauthors and I explore the extent to which copyright’s incentive function is aligned with the economic realities of the commercial music industry. Using a novel panel dataset of music sales and streams, we find that that most commercial music—even blockbuster releases—has an extremely short commercial “half-life.”
In the second, I investigate the predictability of patent litigation, the outcome of which is typically thought to be difficult to forecast. Using a computational model of the text of asserted patent claims and other characteristics of the patent and litigation, I find that decisions about patent validity are more predictable than previously recognized.
Finally, I replicate several leading descriptive studies of patent litigation, and find that their substantive conclusions are sensitive to coding choices and the period over which the sample is drawn.