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Complementary patents and market structure

Schmidt, Klaus M. - 2009 - This version: August 19, 2009

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

Licensing complementary patents : "patent trolls", market structure, and "excessive" royalties

Layne-Farrar, Anne; Schmidt, Klaus M. - 2009

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...

Persistent link: https://www.econbiz.de/10003909252

Auctioning process innovations when losers' bids determine royalty rates

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2010

We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to …

Persistent link: https://www.econbiz.de/10003935644

Licensing a common value innovation when signaling strength may backfire

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2010

scheme that combines a first-price license auction with royalty contracts for losers. Prior to bidding firms observe …

Persistent link: https://www.econbiz.de/10003935649

Licensing innovations : the case of the inside patent holder

Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2015

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

Fragmented property rights and R&D competition

Clark, Derek J.; Konrad, Kai A. - 2006

Where product innovation requires several complementary patents, fragmented property rights can be a factor that limits firms' willingness to invest in the development and commercialization of new products. This paper studies multiple simultaneous R&D contests for complementary patents and how...

Persistent link: https://www.econbiz.de/10010365878

Jostling for advantage : licensing and entry into patent portfolio races

Siebert, Ralph; Graevenitz, Georg von - 2006

they license ex ante or ex post. We develop a model of a patent portfolio race, which allows for endogenous R&D efforts, to …

Persistent link: https://www.econbiz.de/10010365900

Research joint Ventures, licensing, and industrial policy

Fan, Cuihong; Wolfstetter, Elmar - 2005

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

License auctions with exit (and entry) options : alternative remedies for the exposure problem

Hu, Luke; Wolfstetter, Elmar - 2012

Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the …

Persistent link: https://www.econbiz.de/10009685869

The license of right, compulsory licensing and the value of exclusivity

Rudyk, Ilja - 2012

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 …

Persistent link: https://www.econbiz.de/10010343808