Liu, Hao; Qian, Xuewen; Qu, Chen; Shen, Jingyi - In: Games 16 (2025) 4, pp. 1-17
We analyze the endogenous formation of patent pools among three patent owners and the associated welfare effects. Under a condition of synergistic three-patent combination, either a unique symmetric equilibrium or infinitely many asymmetric equilibria can arise when patents are fragmented. By...