Research on the Theory of Patent Market
2016-02
The number of patent applications submitted to the State Intellectual Property Office of China has been growing rapidly in recent years. Yet the development of a patent market in China is still lagging behind compared to other advanced countries in the world. A well operating patent market will play an important part in promoting technology commercialization and patent monetization. This project focuses on the basic theory of a patent market and the function of its related policies. It studies the difference of a patent market and traditional goods market and uses the traditional theory of market failure and the newly developed theory of market design to analyze how to improve the function of patent system. The research aims to clarify the relationship between the government and market, prove the necessity and importance of government intervention and propose proper ways of government intervention.
