Complex high technology industries are increasingly affected by patent thickets in which firms' patents mutually block the use of important technologies. Firms facing patent thickets patent intensively to acquire bargaining chips and use licensing to ensure freedom to operate. Such licensing...

This report analyses whether entry of UK enterprises into patenting in a technology area is affected by patent thickets in the technology area.The aim is to contribute to our understanding of the role of patent thickets as a barrier to entry into new technologies for UK enterprises, in...

The aim is to contribute to our understanding of the role of patent thickets as a barrier to entry into new technologies for UK enterprises, in particular small and medium sized enterprises (SMEs).The report consists of several parts:A review of the literature on patent thickets, including the...

Licensing in a patent thicket allows firms to either avoid or resolve hold-up. Firms' R&D incentives depend on whether they license ex ante or ex post. We develop a model of a patent portfolio race, which allows for endogenous R&D efforts, to study firms' choice between ex ante and ex post...