Royalty Stacking in High Tech Industries: Separating Myth from Reality

Damien Geradin (), Anne Layne-Farrar () and A. Jorge Padilla ()
Additional contact information
Damien Geradin: Howrey LLP, http://www.howrey.com
Anne Layne-Farrar: LECG, http://www.lecg.com
A. Jorge Padilla: LECG, http://www.lecg.com

Working Papers from CEMFI

Abstract: A few recent contributions to the literature have claimed that in high-tech industries -- where innovation is often cumulative and products include many components protected by patents held by many different patent holders – the cost of obtaining all necessary licenses is too high. Some have even requested sweeping policy reforms to deal with the so-called royalty stacking problem. In this Essay we find that the empirical evidence – including new evidence for 3G telecom – does not corroborate the gloomy predictions of the proponents of the royalty stacking hypothesis.

Date: 2007
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Citations: View citations in EconPapers (5)

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