Patent Pools: Consumer Friendly Cartels?
Patent/intellectual property pools represent a key form of strategic cooperation, also known as cartel behavior. Before getting to far into it, what is a patent pool exactly? There is some variation within the concept of a patent/intellectual property pool, but generally, patent pools are organizations that are jointly owned by anywhere from a couple to a couple hundred companies that control intellectual property such as patents. These joint ventures allow companies to share patents, such as new technological equipment, thereby creating standardization across industries. While this may not seem beneficial, if we look to the specific example of the HDMI Continue reading Patent Pools: Consumer Friendly Cartels?