We extend the Kamien and Tauman model of patent licensing by introducing heterogeneous licensees that differ in their …

We consider licensing with a patent competition for a non-drastic process innovation among firms competing in a Cournot …

The conventional wisdom is that the formation of patent pools is welfare enhancing when patents are complementary … and either increases spillovers in development or decreases the degree of product differentiation, patent pools can … why patent pools are uncommon in science-based industries such as biotech and pharmaceuticals that are characterized by …

bargaining outcome contrasts with the inefficiency of patent royalties in the Cournot model. The analysis explores the … implications of the main results for antitrust policy concerns including Standard Essential Patent holdup, royalty stacking, patent … thickets, the tragedy of the anticommons, and justification for patent pools. The discussion also considers how imperfect …