{"title":"Dynamic Effects of Patent Pools: Evidence from Inter-Generational Competition in the Optical Disc Industry","authors":"","doi":"10.1007/s11151-023-09938-6","DOIUrl":null,"url":null,"abstract":"<h3>Abstract</h3> <p>This study investigates the dynamic effects of patent pools in the optical disc (DVD) industry, while considering the inter-generational competition between standards. We examine their patent-pool effects on innovation in terms of patenting performance for the 2nd-generation (SG) standard (BD/HDDVD) as well as for the 1st-generation (FG) standard (DVD), with the use of firm-level panel data. Our major findings are as follows: First, the formation of the FG pools led to significantly more SG innovations by the pool licensors relative to the licensees. Second, the FG pools also led to more FG innovations by the pool licensees relative to the nonparticipants with comparable innovation capabilities, which suggests the procompetitive effects of the pools. Third, the licensors had significant innovations for the FG, starting in the pre-standard period. Thus, the patent pool appears to have positive dynamic effects, which thereby complemented the standards for the DVD pools.</p>","PeriodicalId":47454,"journal":{"name":"Review of Industrial Organization","volume":"1 1","pages":""},"PeriodicalIF":0.8000,"publicationDate":"2024-02-06","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Review of Industrial Organization","FirstCategoryId":"96","ListUrlMain":"https://doi.org/10.1007/s11151-023-09938-6","RegionNum":4,"RegionCategory":"经济学","ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"Q3","JCRName":"ECONOMICS","Score":null,"Total":0}
引用次数: 0
Abstract
This study investigates the dynamic effects of patent pools in the optical disc (DVD) industry, while considering the inter-generational competition between standards. We examine their patent-pool effects on innovation in terms of patenting performance for the 2nd-generation (SG) standard (BD/HDDVD) as well as for the 1st-generation (FG) standard (DVD), with the use of firm-level panel data. Our major findings are as follows: First, the formation of the FG pools led to significantly more SG innovations by the pool licensors relative to the licensees. Second, the FG pools also led to more FG innovations by the pool licensees relative to the nonparticipants with comparable innovation capabilities, which suggests the procompetitive effects of the pools. Third, the licensors had significant innovations for the FG, starting in the pre-standard period. Thus, the patent pool appears to have positive dynamic effects, which thereby complemented the standards for the DVD pools.
期刊介绍:
New Online Manuscript Submission System The Review of Industrial Organization publishes research papers on all aspects of industrial organization, broadly defined. A main focus is on competition and monopoly, in their many forms and processes and their effects on efficiency, innovation, and social conditions. Topics may range from the internal organization of enterprises to wide international comparisons.
The Review is also increasing its interest in papers on public policies such as antitrust, regulation, deregulation, public enterprise, and privatization. Papers may deal with any economic sectors and any developed economies.
The Review continues its primary interest in ideas that can be verified by econometric evidence, case studies, or other real conditions. But the Review also seeks papers that advance significant theories of industrial organization and policy. Papers using abstract techniques and econometric tests should present the methods and analysis in plain enough English so that non-specialist readers can evaluate the content.
The Review welcomes submissions from any source, and the Editors will make every effort to have papers reviewed quickly and to give prompt decisions. The Editors will also seek to arrange symposia on specific topics, and they are open to proposals for grouped papers. They also welcome shorter notes and commentaries on topics of interest to the profession.
Officially cited as: Rev Ind Organ