1 option
Patent Pools and the Direction of Innovation - Evidence from the 19th-century Sewing Machine Industry / Ryan L. Lampe, Petra Moser.
- Format:
- Book
- Author/Creator:
- Lampe, Ryan L.
- Series:
- Working Paper Series (National Bureau of Economic Research) no. w17573.
- NBER working paper series no. w17573
- Language:
- English
- Physical Description:
- 1 online resource: illustrations (black and white);
- Place of Publication:
- Cambridge, Mass. National Bureau of Economic Research 2011.
- Summary:
- 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.
- Notes:
- Print version record
- November 2011.
The Penn Libraries is committed to describing library materials using current, accurate, and responsible language. If you discover outdated or inaccurate language, please fill out this feedback form to report it and suggest alternative language.