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Untangling the Economics of Patent Thickets (view source)
Revision as of 15:15, 20 June 2017
, 15:15, 20 June 2017→Modern Terms
:''“To obtain the rights to infringe patents held by external parties and to improve their leverage in negotiations with other patent owners, these firms amass larger patent portfolios of their own with which to trade.” – :Hall and Ziedonis (2001)''
K) '''Hold-out;:''' Hold-out can occur in the context of multilateral bargaining, for example when different products can be made out of different, diversely-held patented technologies. Farrell (2009) explains that when a partial agreement benefits the “nonparticipating (holdout) player”, self-interest and social welfare may not be aligned. (p.12-13)
===Relative Definition Quotes===
