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Are Ex Ante and Ex Post Licensing Agreements Useful Instruments to Lessen Uncertainty in R&D?

Siebert, Ralph - CESifo - 2013

In the last decades, technologies became more complex which increased the degree of uncertainty in R&D. To overcome the uncertainty, firms frequently engage in R&D collaborations, e.g., Research Joint Ventures (RJVs), and licensing agreements. While RJVs are well explored in the literature, very...

Persistent link: https://www.econbiz.de/10010723531

The Impact of Entry Regulation on Total Welfare: A Policy Experiment

Liu, An-Hsiang; Siebert, Ralph; Zulehner, Christine - CESifo - 2013

This paper evaluates how different lengths of entry regulation impact market structure and market performance using a dynamic structural model. We formulate an oligopoly model in the tradition of Ericson and Pakes (1995) and allow entry costs to vary over time. Firms have the opportunity to...

Persistent link: https://www.econbiz.de/10010670793

Political Persistence, Connections and Economic Growth

Bellettini, Giorgio; Ceroni, Carlotta Berti; Prarolo, … - CESifo - 2009

defend their monopoly position and prevent innovation and entry of high-quality competitors. This requires that the incumbent … quality upgrade related to innovation. Consistently with our empirical findings, the model delivers a negative association …

Persistent link: https://www.econbiz.de/10005765682

Jostling for Advantage: Licensing and Entry into Patent Portfolio Races

Siebert, Ralph; Graevenitz, Georg von - Volkswirtschaftliche Fakultät, … - 2006

Licensing in a patent thicket allows firms to either avoid or resolve hold-up. Firms' R&D incentives depend on whether they license ex ante or ex post. We develop a model of a patent portfolio race, which allows for endogenous R&D efforts, to study firms' choice between ex ante and ex post...

Persistent link: https://www.econbiz.de/10005739702

Persistence of Politicians and Firms' Innovation

Bellettini, Giorgio; Ceroni, Carlotta Berti; Prarolo, … - CESifo - 2011

We empirically investigate whether the persistence of politicians in political institutions affects the innovation …’ innovation activity. However, once the causal effect is isolated by means of instrumental variables, using death of politicians … persistence and the probability of process innovation. This finding is consistent with the view that political stability may …

Persistent link: https://www.econbiz.de/10008853864

Does Licensing Resolve Hold Up in the Patent Thicket?

Siebert, Ralph; Graevenitz, Georg von - Volkswirtschaftliche Fakultät, … - 2008

In a patent thicket licensing provides a mechanism to either avoid or resolve hold up. We study the choice between ex ante licensing to avoid hold up and ex post licensing to resolve it. Firms’ choice of licensing contract is studied in the context of a patent portfolio race. We show that high...

Persistent link: https://www.econbiz.de/10005121184

How Licensing Resolves Hold-Up: Evidence from a Dynamic Panel Data Model with Unobserved Heterogeneity

Siebert, Ralph; Graevenitz, Georg von - Volkswirtschaftliche Fakultät, … - 2006

In a patent thicket licensing provides a mechanism to either avoid or resolve hold-up. Firms' R&D incentives will differ depending on how licensing is used. In this paper we study the choice between ex ante licensing to avoid hold-up and ex post licensing to resolve it. Building on a theoretical...

Persistent link: https://www.econbiz.de/10005785921