Popis: |
Patent thickets are sets of overlapping property rights that occur in fragmented tech- nology markets, and increase the costs of commercializing innovations due to transaction Costs, double marginalization, com- plement problem, and the possibility of hold-up and prolonged litigation. Patent thickets inhibit innovation, one is led to conclude that industries and/or governments need to design different policies which effectively discoverage the creation of patent thickets. It constrain innovation, the inability to systematically detect patent thickets allows for continuation of this intangible reality in the future. |