Licensing in a patent thicket allows firms to either avoid or resolve hold-up. Firms' R&D incentives depend on whether … study firms' choice between ex ante and ex post licensing. The model shows that firms' relationships in product markets and … technology space jointly determine the type of licensing contract chosen. In particular, product market competitors are more …

. Where licensing fails, follow-on innovation is blocked unless firms gain FTO through patent invalidation. Using large … patentee's product market. Here, transaction costs likely exceed the joint surplus of licensing, causing licensing failure. In …

Licensing can be a solution for hold-up in patent thickets. In this paper we study whether licensing is an effective … solution for hold-up. To do this we distinguish between ex ante and ex post licensing. A theoretical model shows that firms …’ expectations of blocking in a patent thicket determine whether they license ex ante while ex post licensing arises if expected …

In a patent thicket licensing provides a mechanism to either avoid or resolve hold-up. Firms' R&D incentives will … differ depending on how licensing is used. In this paper we study the choice between ex ante licensing to avoid hold-up and … ex post licensing to resolve it. Building on a theoretical model of a patent portfolio race, firms' choices of licensing …

In a patent thicket licensing provides a mechanism to either avoid or resolve hold up. We study the choice between ex … ante licensing to avoid hold up and ex post licensing to resolve it. Firms’ choice of licensing contract is studied in the … context of a patent portfolio race. We show that high expected blocking leads to ex ante licensing while ex post licensing …

Licensing in a patent thicket allows firms to either avoid or resolve hold-up. Firms' R&D incentives depend on whether … study firms' choice between ex ante and ex post licensing. The model shows that firms' relationships in product markets and … technology space jointly determine the type of licensing contract chosen. In particular, product market competitors are more …

In a patent thicket licensing provides a mechanism to either avoid or resolve hold up. We study the choice between ex … ante licensing to avoid hold up and ex post licensing to resolve it. Firms' choice of licensing contract is studied in the … context of a patent portfolio race. We show that high expected blocking leads to ex ante licensing while ex post licensing …

In a patent thicket licensing provides a mechanism to either avoid or resolve hold-up. Firms' R&D incentives will … differ depending on how licensing is used. In this paper we study the choice between ex ante licensing to avoid hold-up and … ex post licensing to resolve it. Building on a theoretical model of a patent portfolio race, firms' choices of licensing …