Patent pools allow competing firms to combine their patents and license them as a package to outside firms. Regulators today favor pools that license their patents freely to outside firms, making it difficult to observe the unconstrained licensing strategies of patent pools. This paper takes...

One explanation for the comparatively lower quality of movie sequels is selection bias, known in personnel economics as the Peter principle (Lazear, 2004). Only abnormally successful movies are selected for a sequel. Another explanation is a deterministic depreciation in quality due to the...

Social learning plays a limited role in determining movie sales momentum according to recent research by Gilchrist and Sands (2016), who instead emphasize the importance of network externalities. Narrow replication of their robustness test for social learning, which compares sales momentum for...

A socially optimal structure of application and renewal fees for patents would encourage the maximal number of applications while reducing effective patent length. We find, however, that when patent offices are required to be self-funding, resource constraints can distort this fee structure....

Purpose – This chapter examines the licensing behavior of patent pools when they are unconstrained by antitrust rules. Design/methodology/approach – Patent pools allow competing firms to combine their patents and license them as a package to outside firms. Regulators today favor pools that...