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来源类型 | Discussion paper |
规范类型 | 论文 |
来源ID | DP11624 |
DP11624 The Inverse Cournot Effect in Royalty Negotiations with Complementary Patents | |
Gerard Llobet; Jorge Padilla | |
发表日期 | 2016-11-11 |
出版年 | 2016 |
语种 | 英语 |
摘要 | It has been commonly argued that the decision of a large number of inventors to license complementary patents necessary for the development of a product leads to excessively large royalties. This well-known Cournot-complements or royalty-stacking effect would hurt efficiency and downstream competition. In this paper we show that when we consider patent litigation and introduce heterogeneity in the portfolio of different firms these results change substantially due to what we denote the Inverse Cournot effect. We show that the lower the total royalty that a downstream producer pays, the lower the royalty that patent holders restricted by the threat of litigation of downstream producers will charge. This effect generates a moderation force in the royalty that unconstrained large patent holders will charge that may overturn some of the standard predictions in the literature. Interestingly, though, this effect can be less relevant when all patent portfolios are weak making royalty stacking more important. |
主题 | Industrial Organization |
关键词 | Intellectual property Standard setting organizations Patent licensing R&d investment Patent pools |
URL | https://cepr.org/publications/dp11624 |
来源智库 | Centre for Economic Policy Research (United Kingdom) |
资源类型 | 智库出版物 |
条目标识符 | http://119.78.100.153/handle/2XGU8XDN/540438 |
推荐引用方式 GB/T 7714 | Gerard Llobet,Jorge Padilla. DP11624 The Inverse Cournot Effect in Royalty Negotiations with Complementary Patents. 2016. |
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