Patent Pools, Competition, and Innovation - Evidence from 20 U.S. Industries under the New Deal

67 Pages Posted: 2 Dec 2011 Last revised: 28 May 2014

See all articles by Ryan Lampe

Ryan Lampe

California State University, East Bay - Department of Economics

Petra Moser

NYU Stern Department of Economics; National Bureau of Economic Research (NBER)

Multiple version iconThere are 2 versions of this paper

Date Written: May 26, 2014

Abstract

Patent pools have become a prominent mechanism to reduce litigation risks and facilitate the commercialization of new technologies. This paper 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 percent 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.

Keywords: Patent Pools, Innovation, Patents, Intellectual Property, Economic History

JEL Classification: K00, N00, N42, O31

Suggested Citation

Lampe, Ryan and Moser, Petra, Patent Pools, Competition, and Innovation - Evidence from 20 U.S. Industries under the New Deal (May 26, 2014). Stanford Law and Economics Olin Working Paper No. 417, Available at SSRN: https://ssrn.com/abstract=1967246

Ryan Lampe (Contact Author)

California State University, East Bay - Department of Economics ( email )

25800 Carlos Bee Blvd.
Hayward, CA 94542
United States

Petra Moser

NYU Stern Department of Economics ( email )

44 West 4th Street
New York, NY 10003
United States

National Bureau of Economic Research (NBER)

1050 Massachusetts Avenue
Cambridge, MA 02138
United States

Do you have negative results from your research you’d like to share?

Paper statistics

Downloads
950
Abstract Views
5,743
Rank
41,892
PlumX Metrics