Patent pool under endogenous technology choice

Arijit Mukherjee

Discussion Paper Series from Department of Economics, Loughborough University

Abstract: It is generally believed that patent pools by complementary input suppliers make the consumers, final goods producers and the society better off by reducing the complements problem. We show that this may not be the case under endogenous technology choice. Although a patent pool reduces input price, it may make the consumers and the society worse off by reducing innovation. We also show that a patent pool makes the input suppliers better off, but it may not make all final goods producers better off compared with non-cooperation between the input suppliers.

Keywords: Complementary inputs; Patent pool; Innovation; Welfare (search for similar items in EconPapers)
JEL-codes: L13 O31 (search for similar items in EconPapers)
Date: 2013-07, Revised 2013-07
New Economics Papers: this item is included in nep-com, nep-ind, nep-ino, nep-ipr, nep-pr~ and nep-tid
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