Abstract
Basic innovations are often fundamental to the development of applications that may be developed by other innovators. In this setting, we investigate whether patent pools can rectify the lack of incentives for a developer to invest in an application. Following Green and Scotchmer (1995), we also wonder whether broad basic patents are necessary in order to provide enough incentives for basic innovators. We show that patent pools are more likely to be formed with patents of very different breadths, or patents of similarly wide breadths. Further, although patent pools rectify the problem of developer incentives, they may reduce the incentive for doing basic research.
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