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This study explores the impact of modern patent pools — inter-organizational collaborative arrangements for promoting … modern pools can boost follow-on innovation by lowering the search, negotiation, and licensing costs associated with pooled … empirical strategies, I show that the formation of seven major modern patent pools has, on average, increased the rate of follow …
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turnover. Theories predict cannibalization between existing and new products delays incumbents’ innovation, whereas preemptive …% of the incumbent-entrant innovation gap. I then assess hypothetical policy interventions concerning broad patents and …
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Christensen (1997) provided evidence for disruptions in the hard disk drive industry by examining the technological changes of disk drives. By building up the disruption model, Christensen argues that the failures of the established firms in the industry to respond to simple technological...
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