Essential patents in pools: Is value intrinsinc or induced ?
AbstractThis paper analyzes empirically the value - as measured by patent citations - of a set of 1363 essential patents belonging to 9 different patent pools. We find that pooled patents receive more cites than control patents having the same characteristics but not included in a pool. This difference stems only partly from the pools' ability to select the most cited patents. Indeed we show that being included in a pool also tends to increase the value of patents. This induced effect reflects the incentive for patent owners to join a pool. We analyze it in details in order to better understand the drivers of enhanced patent value.
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Bibliographic InfoPaper provided by HAL in its series Post-Print with number hal-00488271.
Date of creation: 2010
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This paper has been announced in the following NEP Reports:
- NEP-ALL-2010-06-11 (All new papers)
- NEP-INO-2010-06-11 (Innovation)
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