Over the last decade, companies have paid greater attention to the management of their intellectual assets. We build a model that helps understand how licensing activity should be organized within large corporations. More specifically, we compare decentralization--where the business unit using...

Division of labor has benefits in addition to the direct productivity increases from specialization: In this paper we study how the development of specialized upstream technology suppliers improves access and lowers investment costs for latecomer downstream firms. Using a simple model, we test...