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- W1499324575 abstract "Patent pools are agreements by multiple patent owners to license certain patents to third parties as a package, and often in conjunction with the development of a technological standard. A key distinction made by regulators—between patents essential to a standard and patents that are suitable substitutes—has not been captured in existing economic models. I present a model of competition among differentiated technologies, in which some patents are essential and some are not. I show that pools of essential patents are Pareto-improving whenever they occur, while pools of nonessential patents can be welfare-negative, even when the included patents are all complements. I discuss conditions under which certain pools are likely to form, the “outsider problem” which makes some pools inefficiently small, and the effects of compulsory individual licensing." @default.
- W1499324575 created "2016-06-24" @default.
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- W1499324575 date "2006-11-01" @default.
- W1499324575 modified "2023-09-27" @default.
- W1499324575 title "Economics of Patent Pools When Some (but not all) Patents are Essential" @default.
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