Patent pools and the direction of innovation - evidence from the 19th-Century sewing machine industry
by Ryan L. Lampe
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"Patent pools allow a group of firms to combine their patents as if they were a single firm. Theoretical models predict that pools encourage innovation in pool technologies, albeit at the cost of innovation in substitutes. Empirical evidence is scarce because modern pools are too recent to allow empirical analyses. This article examines data on patents and innovations by new firms for a historical pool in the sewing machine industry (1856-1877) to examine effects on innovation. Contrary to theoretical predictions, this analysis suggests that pools may discourage innovation in pool technologies and shift R&D towards technologically inferior substitutes"--National Bureau of Economic Research web site.
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Patent pools and the direction of innovation - evidence from the 19th-Century sewing machine industry
2011, National Bureau of Economic Research
Electronic resource
in English
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Book Details
Published in
Cambridge, MA
Edition Notes
Title from PDF file as viewed on 1/12/2012.
Includes bibliographical references.
Also available in print.
System requirements: Adobe Acrobat Reader.
Mode of access: World Wide Web.
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| October 17, 2020 | Edited by MARC Bot | import existing book |
| January 18, 2012 | Created by LC Bot | import new book |