A Theory of Patent Portfolios | Zendy

Jay Pil Choi | Zendy; Heiko Gerlach | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

A Theory of Patent Portfolios

Author(s) -

Jay Pil Choi,

Heiko Gerlach

Publication year - 2017

Publication title -

american economic journal microeconomics

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 5.339

H-Index - 40

eISSN - 1945-7685

pISSN - 1945-7669

DOI - 10.1257/mic.20150003

Subject(s) - incentive , patent portfolio , portfolio , competition (biology) , business , product (mathematics) , industrial organization , economics , microeconomics , financial economics , intellectual property , computer science , mathematics , ecology , geometry , biology , operating system

This paper develops a theory of patent portfolios in which firms accumulate an enormous amount of related patents in diverse technology fields such that it becomes impractical to develop a new product that with certainty does not inadvertently infringe on other firms’ patent portfolios. We investigate how litigation incentives for the holders of patent portfolios impact the incentives to introduce new products and draw welfare implications. We also consider a patent portfolio acquisition game in which a third party’s patent portfolio is up for sale.

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research