Patent pools and innovation in substitute technologies-evidence from the 19th-century sewing machine industry.

Patent pools, which combine complementary patents of competing firms, are expected to increase overall welfare but potentially discourage innovation in substitutes for the pool technology. This article exploits a new historical data set on changes in patenting and firm entry for a clearly defined po...

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Publicado en:RAND Journal of Economics (Wiley-Blackwell) Vol. 44; no. 4; pp. 757 - 779
Autores principales: Lampe, Ryan, Moser, Petra
Formato: Artículo
Publicado: Wiley-Blackwell Winter2013
Materias:
Acceso en línea:Ver este registro en EBSCOhost
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        atl: Patent pools and innovation in substitute technologies-evidence from the 19th-century sewing machine industry.
      aug:
        au:
          Lampe, Ryan
          Moser, Petra
        affil:
          California State University, East Bay
          Stanford University and NBER
      su:
        Technological innovations
        Economics
        Sewing machine industry
        Patent pools
        Legal costs
        License fees
        Open source software
        Finance
      sug:
        subj:
          Technological innovations
          Economics
          Household appliance merchant wholesalers
          Other Industrial Machinery Manufacturing
          All other industrial machinery manufacturing
          Household Appliances, Electric Housewares, and Consumer Electronics Merchant Wholesalers
          Sewing machine industry
          Patent pools
          Legal costs
          License fees
          Open source software
          Finance
      ab: Patent pools, which combine complementary patents of competing firms, are expected to increase overall welfare but potentially discourage innovation in substitutes for the pool technology. This article exploits a new historical data set on changes in patenting and firm entry for a clearly defined pool technology and substitutes in the 19th-century sewing machine industry. This analysis reveals a substantial increase in innovation for an-albeit technologically inferior-substitute technology. Historical evidence suggests that the creation of a pool-diverted innovation toward an inferior substitute technology by creating differential license fees and litigation risks.
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    language: English
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