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Merges (1999) - Institutions For Intellectual Property Transactions (view source)
Revision as of 18:56, 1 April 2013
, 18:56, 1 April 2013no edit summary
:''"Businesspeople must bundle numerous rights to make good use of the resource. If various impediments to bargaining are present, this may prove difficult; as a result, the resource may be underutilized."''
===Legal Discussion===The paper reviews literature on the history and effectiveness of patent pools including recent patent pools such as MPEG-2 and DVD, mostly focused on U.S. experience, but also considers European policies.
:''"This comes down to a question of whether the transactional benefits of pooling outweigh the potential social costs. These costs, which would follow from the anticompetitive potential that follows from pooling, would likely take the form of restricted entry in the relevant industry, and ultimately higher consumer prices."''
