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Many high technology goods are based on standards that require several essential patents owned by different IP holders. This gives rise to a complements and a double mark-up problem. We compare the welfare effects of two different business strategies dealing with these problems. Vertical...
Persistent link: https://www.econbiz.de/10003909249
The infamous Blackberry case brought new attention to so-called 'patent trolls' and began the general association of trolls with 'non-practicing' patent holders. This has had important legal consequences: Namely, patent holders have been denied injunctive relief because they did not practice the...
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The present paper reconsiders the inside innovators’ licensing problem under incomplete information. Employing an optimal mechanism design approach, we show that, contrary to what is claimed in the literature, the optimal mechanism may prescribe fixed fees, royalty rates lower than the cost...
Persistent link: https://www.econbiz.de/10011285324
oligopoly. We propose a new mechanism that combines elements of a license auction with royalty licensing by granting the losers … licensing without reducing bidders' surplus; therefore, it is more profitable than both standard license auctions and pure …
Persistent link: https://www.econbiz.de/10010371073
license their innovations and to pool their R&D investments. We show that in equilibrium R&D joint ventures are formed and …
Persistent link: https://www.econbiz.de/10010371077
This paper uses the License of Right (LOR) provision implemented in Section 23 of the German Patent Act to answer the … the welfare implications of having a License of Right system? Section 23 of the German Patent Act grants a patentee a 50 …. Nevertheless, for a small fraction of patents a commitment to license non-exclusively may even increase the returns from patent …
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