We study how competition between two downstream firms affects an upstream innovator's innovation strategy, which … (market-wide licensing) downstream competitors. Our model points to a U-shaped relationship between downstream competition and … upstream innovation: at low levels of competition, market-wide licensing is optimal and competition reduces innovation, while …

This paper shows the possibility of higher welfare under Cournot competition in an asymmetric cost duopoly when the … higher under Cournot competition compared to Bertrand competition when the initial cost difference of these firms is moderate …; but, for very small or very large cost initial cost differences, welfare is higher under Bertrand competition. If …

We study how competition between two downstream firms affects an upstream innovator's innovation strategy, which … (market-wide licensing) downstream competitors. Our model points to a U-shaped relationship between downstream competition and … upstream innovation: at low levels of competition, market-wide licensing is optimal and competition reduces innovation, while …