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Over the last decades, technological progress has brought about a multitude of standardization problems. For instance, compatibility standards ensure the interoperability of goods, which is of decisive importance when users face positive externalities in consumption. Consumers' expectations are...
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model provides an argument that shorter product cycles can induce firms to file more patent applications. The firms may be … trapped in a prisoners' dilemma where all firms would jointly prefer to patent less and to not have a patent thicket. If firms … successful, this may create a patent thicket. The transition into a situation where firms start patenting many ideas instead of …
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model provides an argument that shorter product cycles can induce firms to file more patent applications. The firms may be … trapped in a prisoners' dilemma where all firms would jointly prefer to patent less and to not have a patent thicket. If firms … successful, this may create a patent thicket. The transition into a situation where firms start patenting many ideas instead of …
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