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- Title
Patent Pools, Competition, and Innovation-Evidence from 20 US Industries under the New Deal.
- Authors
Lampe, Ryan; Moser, Petra
- Abstract
Patent pools have become a prominent mechanism to reduce litigation risks and facilitate the commercialization of new technologies. This article takes advantage of a window of regulatory tolerance under the New Deal to investigate the effects of pools that would form in the absence of effective antitrust. Difference in- differences regressions of patents and patent citations across 20 industries imply a 14% decline in patenting for each additional patent that is included in a pool. An analysis of the mechanism by which pools discourage innovation indicates that this decline is driven by technologies for which the creation of a pool weakened competition in R&D.
- Subjects
PATENT pools; TECHNOLOGICAL innovations; NEW Deal, 1933-1939; ANTITRUST investigations; UNITED States. National Industrial Recovery Act of 1933; INTELLECTUAL property; LICENSES
- Publication
Journal of Law, Economics & Organization, 2016, Vol 32, Issue 1, p1
- ISSN
8756-6222
- Publication type
Article
- DOI
10.1093/jleo/ewv014