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Persistent link: https://www.econbiz.de/10009258734
Abstract Most economic theories on patent pools focus exclusively on patent owners’ licensing practices in explaining why patent owners voluntarily form a patent pool. Such an approach ignores the “property” root of patents. Judge Posner emphasized the importance of using economic theories...
Persistent link: https://www.econbiz.de/10014585205
Harold Demsetz proposed an evolutionary theory of property rights that a transition of property rights structure results from interacting parties’ efforts to maximize utilities in face of change of external elements that bear on their benefit cost calculation. Although Demsetz’s theory was...
Persistent link: https://www.econbiz.de/10014114450
We live in an economy of systems today. A system exists when two or more components are connected through interfaces to create utility for end users. A system operator is a firm that controls a bottleneck element of a system and therefore has the power to set rules for how different components...
Persistent link: https://www.econbiz.de/10014119157