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Optimal Cross-Licensing Arrangements : Collusion Versus Entry Deterrence

Choi, Jay Pil - 2018

This paper analyzes optimal cross-licensing arrangements between incumbent firms in the presence of potential entrants. The optimal cross-licensing royalty rate trades off incentives to sustain a collusive outcome vis-a-vis incentives to deter entry with the threat of patent litigation. We show...

Persistent link: https://www.econbiz.de/10012912373

Global Cartels, Leniency Programs and International Antitrust Cooperation

Choi, Jay Pil - 2010

In this paper we analyze cartel formation and self-reporting incentives when firms operate in several geographical …-reporting by cartel members …

Persistent link: https://www.econbiz.de/10013144908

Multi-Market Collusion with Demand Linkages and Antitrust Enforcement

Choi, Jay Pil - 2009

This paper analyzes dynamic cartel formation and antitrust enforcement when firms operate in demand-related markets. We … show that cartel prosecution can have a knock-on effect: desisting a cartel in one market reduces profits and cartel … stability and leads to the break-up of the cartel in the adjacent market. Cartel prosecution can also have a waterbed effect …

Persistent link: https://www.econbiz.de/10013160219

A Theory of Patent Portfolios

Choi, Jay Pil - 2014

This paper develops a theory of patent portfolios in which firms accumulate an enormous amount of related patents in …

Persistent link: https://www.econbiz.de/10013062675

A Model of Patent Trolls

Choi, Jay Pil - 2015

This paper develops a model of patent trolls to understand various litigation strategies employed by nonpracticing entities (NPE). We show that when a NPE faces multiple potential infringers who use related technologies, it can gain a credible threat to litigate even when it has no such...

Persistent link: https://www.econbiz.de/10013013083

Monitoring, Cross Subsidies, and Universal Banking

Choi, Jay Pil - 2015

We formalize the idea that a financial conglomerate may utilize commercial banking activities to cross-subsidize investment banking through bundled offers. The investment banking sector entails supra-normal profits due to incentive problems with security underwriting. Universal banks may aim to...

Persistent link: https://www.econbiz.de/10013014197

Frand Royalties and Injunctions for Standard Essential Patents

Choi, Jay Pil - 2014

I develop a stylized model of court procedures that resolve disputes concerning FRAND-encumbered standard essential patents (SEPs). I analyze the effects of injunctions and potential court-imposed FRAND rates on negotiated royalty rates. The SEP-holders' ability to hold-up is constrained by the...

Persistent link: https://www.econbiz.de/10013045315

Asymmetric Neutrality Regulation and Innovation at the Edges : Fixed vs. Mobile Networks

Choi, Jay Pil - 2014

We study how net neutrality regulations affect a high-bandwidth content provider's (CP) investment incentives in quality of services (QoS). We find that the effects crucially depend on network capacity levels. With limited capacity, as in mobile networks, prioritized delivery services are...

Persistent link: https://www.econbiz.de/10013046060

Sequential Innovation, Naked Exclusion, and Upfront Lump-Sum Payments

Choi, Jay Pil - 2017

We present a potentially benign naked exclusion mechanism that can be applied to sequential innovation; a non-patentable original innovation by the incumbent supplier fosters derivative innovation by rivals. In the absence of an appropriate legal framework, the original innovator's equilibrium...

Persistent link: https://www.econbiz.de/10012956891

A Leverage Theory of Tying in Two-Sided Markets

Choi, Jay Pil - 2016

Partly motivated by the recent antitrust investigations concerning Google, we develop a leverage theory of tying in two …

Persistent link: https://www.econbiz.de/10012980583