Zhang, Tianle - Volkswirtschaftliche Fakultät, … - 2009
stochastically and independently. In the model, a firm can choose between patenting and maintaining secrecy to protect a successful … grants probabilistic protection, and secrecy is effectively maintained until rivals innovate. I show that (1) firms that … innovate early are more inclined to choose secrecy, whereas firms that innovate late have a stronger tendency to patent; (2 …