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We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to …
Persistent link: https://www.econbiz.de/10003935644
scheme that combines a first-price license auction with royalty contracts for losers. Prior to bidding firms observe …
Persistent link: https://www.econbiz.de/10003935649
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license their innovations and to pool their R&D investments. We show that in equilibrium R&D joint ventures are formed and …
Persistent link: https://www.econbiz.de/10010371077
Inspired by some spectrum auctions, we consider a stylized license auction with incumbents and one entrant. Whereas the …
Persistent link: https://www.econbiz.de/10009685869
&D investments and license innovations. In equilibrium R&D joint ventures are formed and licensing occurs in a way that eliminates …
Persistent link: https://www.econbiz.de/10010343942
I develop a model of R&D cooperation with uncertain research outcomes. In this model asymmetric outcomes of R&D competition emerge naturally. Therefore ex-ante and ex-post R&D cooperation can be studied as alternatives for firms. Using this model I compare welfare losses under ex-ante and...
Persistent link: https://www.econbiz.de/10010343965
they license ex ante or ex post. We develop a model of a patent portfolio race, which allows for endogenous R&D efforts, to …
Persistent link: https://www.econbiz.de/10010365900