Abstract

http://ssrn.com/abstract=2131686
 
 

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Do Patent Pools Encourage Innovation? Evidence from 20 U.S. Industries Under the New Deal


Ryan Lampe


California State University, East Bay - Department of Economics

Petra Moser


Stanford University - Department of Economics; National Bureau of Economic Research (NBER)

August 2012

NBER Working Paper No. w18316

Abstract:     
Patent pools, which allow competing firms to combine their patents, have emerged as a prominent mechanism to resolve litigation when multiple firms own patents for the same technology. This paper takes advantage of a window of regulatory tolerance under the New Deal to investigate the effects of pools on innovation within 20 industries. Difference-in-differences regressions imply a 16 percent decline in patenting in response to the creation of a pool. This decline is driven by technology fields in which a pool combined patents for substitute technologies by competing firms, suggesting that unregulated pools may discourage innovation by weakening competition to improve substitutes.

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Number of Pages in PDF File: 44

working papers series


Date posted: August 18, 2012  

Suggested Citation

Lampe, Ryan and Moser, Petra, Do Patent Pools Encourage Innovation? Evidence from 20 U.S. Industries Under the New Deal (August 2012). NBER Working Paper No. w18316. Available at SSRN: http://ssrn.com/abstract=2131686

Contact Information

Ryan Lampe (Contact Author)
California State University, East Bay - Department of Economics ( email )
25800 Carlos Bee Blvd.
Hayward, CA 94542
United States
Petra Moser
Stanford University - Department of Economics ( email )
Landau Economics Building
579 Serra Mall
Stanford, CA 94305-6072
United States
National Bureau of Economic Research (NBER)
1050 Massachusetts Avenue
Cambridge, MA 02138
United States
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