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|Title:||Intellectual Property and Consortium Standard Patent Pools|
|Keywords:||Patent pools;free rider problems;heterogeneity|
|Abstract:||In this paper, patent pools are examined in the context of a consortium standard. Although such pools of complementary technologies are approved by antitrust authorities, the actual implementation has proved to be problematic. The two possible obstacles are free riding and heterogeneous membership. Free riding on the standard gives incentive for firms to always become an outsider. Heterogeneous membership makes equal treatment of members and licensees [(part of reasonable and non-discriminatory (RAND) policy)] leading to unfair distribution of revenue.|
|Appears in Collections:||JIPR Vol.10(3) [May 2005]|
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