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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 little is known about the use of licensing agreements. Building on a novel … database which includes licensing agreements in the semiconductor industry between 1989 and 1999, we estimate a bivariate …
Persistent link: https://www.econbiz.de/10010223406
domestic welfare. We consider the potential implementation of three innovation agreements: cooperative research joint venture … (RJV), non-cooperative RJV and licensing. In the cooperative (non-cooperative) RJV, the firms (do not) internalize R …&D spillovers. We show that, for the domestic firm, the cooperative RJV dominates and licensing is the least desirable alternative …
Persistent link: https://www.econbiz.de/10011761649
The third generation UMTS auction in Germany raised an enormous amount of revenue, and at the same time achieved a more competitive market structure than other UMTS auctions in Europe. The present paper explains the design of that auction, and presents a game theoretic explanation of observed...
Persistent link: https://www.econbiz.de/10011400807
to license all its existing patents royalty-free. The compulsory licensing increased follow-on innovation building on … harmful for innovation and if so, whether compulsory licensing can provide an effective remedy. The consent decree settled an … Bell patents by 17%. This effect is driven mainly by young and small companies. Yet, innovation increased only outside the …
Persistent link: https://www.econbiz.de/10011610914
patents reduce social welfare as they charge higher licensing fees and chill subsequent innovation incentives. …This paper analyzes patent pools and their effects on innovation incentives. It is shown that the pro …-competitive effects of patent pools for complementary patents naturally extend for dynamic innovation incentives. However, this simple …
Persistent link: https://www.econbiz.de/10010199442
In this paper, we offer a novel explanation to the surge in patenting bserved during the last years. With low patentability standards at PTOs (Patent and Trademark Offices awarding so-called bad patents), not only "false innovators" have the chance of being granted patents but also, and more...
Persistent link: https://www.econbiz.de/10010366175
We introduce a model of product development in a firm. Our model describes the process as a multi-stage contest (i.e., race) with an endogenous length (with one stage or two stages) between two workers. We model the payments to workers from the new product using the normatively appealing Nash...
Persistent link: https://www.econbiz.de/10012165947
input to an external firm, transforming the licensee into its input supplier. We find that the incumbent opts for licensing … even when licensing also transforms the licensee into one of its direct competitors in the final products market. In fact … faces, it reinforces, instead of weakens, the licensing incentives. Furthermore, the licensee's entry augments the positive …
Persistent link: https://www.econbiz.de/10011597751
In the pharmaceutical industry, firms frequently engage in licensing agreements to overcome innovation challenges and … keep up with the pace of developing new drugs. Licensing helps firms jointly develop new drugs and acquire external … knowledge, which helps improve their internal drug development capability. Our study examines the dynamic effects of licensing …
Persistent link: https://www.econbiz.de/10012219514
Intellectual property rights are fundamental to how economies organize innovation and steer the diffusion of knowledge … technology, and the importance of creative re-use and new licensing and business models. We then set out avenues for further … technology that enables algorithmic licensing, and copyright issues related to software, data and artificial intelligence. …
Persistent link: https://www.econbiz.de/10014383295