Qu, Chen; Liu, Hao; Qian, Xuewen; Shen, Jingyi - 2022
We investigate the endogenous pool formation of three patents and the associated welfare effect in a framework à la Lerner and Tirole (2004), by using the notion of equilibrium binding agreements (Ray and Vohra 1997). We show that, when three-patent combination is synergistic, the complete pool...