Work

The design of patent pools: the determinants of licensing rules

Year: 2007

Type: article

Abstract: Patent pools are an important but little‐studied economic institution. In this article, we first make a set of predictions about the licensing terms associated with patent pools. The theoretical framework predicts that (i) pools consisting of complementary patents are more likely to allow members to engage in independent licensing and (ii) the requirement that firms license patents to the pool (grantbacks) should be associated with pools that consist of complements and allow independent licensing. We then examine the terms of 63 pools, and show that licensing rules are consistent with these hypotheses.

Source: The RAND Journal of Economics

DOI: 10.1111/j.0741-6261.2007.00103.x

Authors: Josh Lerner, Marcin Strojwas, Jean Tirole

Institutions: National Bureau of Economic Research, Harvard University, Université de Toulouse, Massachusetts Institute of Technology

Language: English

Topic: Intellectual Property and Patents

Subfield: Management of Technology and Innovation

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: green

OpenAlex ID: W2116305472

FWCI: 17.84

Cites: 14

Cited by: 138

Related to: 10