The Complements Problem within Standard Setting: Assessing the Evidence on Royalty Stacking
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Patent Holdup and Royalty Stacking
We study several interconnected problems that arise under the current U.S. patent system when a patent covers one component or feature of a complex product. This situation is common in the information technology sector of the economy. Our analysis applies to cases involving reasonable royalties but not lost profits. First, we show using bargaining theory that the threat to obtain a permanent in...
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