Abstract

http://ssrn.com/abstract=216533
 
 

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Property Rights in Emerging Platform Technologies


Douglas Lichtman


University of California, Los Angeles (UCLA) - School of Law

December 1999

University of Chicago Law School, John M. Olin Law & Economics Working Paper No. 97

Abstract:     
This article considers an externality that affects a broad range of markets, specifically markets where one set of firms sells some platform technology like a computer, video game console, or operating system, while another possibly overlapping set of firms sells peripherals compatible with that platform, for example computer software or video game cartridges. The externality causes certain peripheral sellers to charge prices that are unprofitably high. That is, these firms could earn greater profits if only they could coordinate to charge lower prices. In many markets, such coordination is possible; firms can contract, for example, or integrate. In markets based on relatively new platform technologies, however, coordination will typically be difficult. The article explains why, and argues that intellectual property law can and should facilitate price coordination in these "emerging technology" settings.

Number of Pages in PDF File: 34

JEL Classification: K11, L10

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Date posted: March 29, 2000  

Suggested Citation

Lichtman, Douglas, Property Rights in Emerging Platform Technologies (December 1999). University of Chicago Law School, John M. Olin Law & Economics Working Paper No. 97. Available at SSRN: http://ssrn.com/abstract=216533 or http://dx.doi.org/10.2139/ssrn.216533

Contact Information

Douglas Gary Lichtman (Contact Author)
University of California, Los Angeles (UCLA) - School of Law ( email )
385 Charles E. Young Dr. East
Room 1242
Los Angeles, CA 90095-1476
United States
310-267-4617 (Phone)
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