Mukherjee, Arijit; Pennings, Enrico - Centre for Economic Research, School of Economics and … - 2001
Once a new technology has been invented, there is a credible threat of imitation when patent protection is strong and … imitation cost is low. Within the area of credible imitation, the innovator has an incentive to postpone technology adoption … when the cost of imitation is relatively high. The possibility of licensing, however, eliminates or at least reduces the …
