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We develop a model of two-stage cumulative research and development (R&D), in which one Research Unit (RU) with an innovative idea bargains to license her non-verifiable interim knowledge exclusively to one of two competing Development Units (DUs) via one of two alternative modes: an open sale...
Persistent link: https://www.econbiz.de/10005124391
We develop a model of two-stage cumulative research and development (R&D), in which one Research Unit (RU) with an innovative idea bargains to license her nonverifiable interim knowledge exclusively to one of two competing Development Units (DUs) via one of two alternative modes: an Open sale...
Persistent link: https://www.econbiz.de/10005670680
downstream development unit, a buyer of the interim innovation, arise from its ability to prevent the upstream research unit from … the value of her innovation is low. By constraining the financial flexibility of the upstream unit vis-a-vis her choice …
Persistent link: https://www.econbiz.de/10005788940
We develop a model of two-stage cumulative research and development (R&D), in which one Research Unit (RU) with an innovative idea bargains to license her nonverifiable interim knowledge exclusively to one of two competing Development Units (DUs) via one of two alternative modes: an Open sale...
Persistent link: https://www.econbiz.de/10010745090