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Galetovic, Haber & Levine
Alexander Galetovic is Professor of Economics at the Universidad de los Andes in Santiago. His current research interests are the determinants of industry structure, antitrust, the economics of regulated industries (particularly electricity and telecoms), and the economics of public private partnerships.
Stephen Haber is the Peter and Helen Bing Senior Fellow at the Hoover Institution and the A.A. and Jeanne Welch Milligan Professor in the School of Humanities and Sciences at Stanford University. In addition, he is a professor of political science, professor of history, and professor of economics (by courtesy), as well as a senior fellow of both the Stanford Institute for Economic Policy Research and the Stanford Center for International Development. Haber directs the Hoover Institution Working Group on Intellectual Property, Innovation, and Prosperity (IP2).
Ross Levine is the Willis H. Booth Chair in Banking and Finance at the Haas School of Business, University of California, Berkeley. He is also a member of the Council on Foreign Relations. His work straddles two interrelated themes: the role of innovation in improving living standards and the role of laws and regulations in facilitating—and impeding—innovation and economic growth.
Stephen Haber is the Peter and Helen Bing Senior Fellow at the Hoover Institution and the A.A. and Jeanne Welch Milligan Professor in the School of Humanities and Sciences at Stanford University. In addition, he is a professor of political science, professor of history, and professor of economics (by courtesy), as well as a senior fellow of both the Stanford Institute for Economic Policy Research and the Stanford Center for International Development. Haber directs the Hoover Institution Working Group on Intellectual Property, Innovation, and Prosperity (IP2).
Ross Levine is the Willis H. Booth Chair in Banking and Finance at the Haas School of Business, University of California, Berkeley. He is also a member of the Council on Foreign Relations. His work straddles two interrelated themes: the role of innovation in improving living standards and the role of laws and regulations in facilitating—and impeding—innovation and economic growth.
Recent Articles by
No Empirical Evidence that Standard Essential Patents Hold-Up Innovation
It is important to emphasize that we are not claiming that the patent system as currently defined cannot be improved. Rather, we offer evidence on two interrelated predictions of the SEP hold-up hypothesis. First, if SEPs are holding up innovation, then products that are highly reliant upon SEPs should experience more stagnant quality-adjusted prices than similar non-SEP-reliant products. Second, if SEPs are holding-up innovation, then changes in the legal system (eBay) that weaken the excessive negotiating strength of SEP holders should accelerate reductions in quality-adjusted prices in SEP-reliant industries relative to non-SEP-reliant industries. We find no evidence for either prediction.
