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into the allpay auction framework. If the strongest firm owns a large share in the second strongest firm, this may make the …
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the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in …
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Where product innovation requires several complementary patents, fragmented property rights can be a factor that limits firms' willingness to invest in the development and commercialization of new products. This paper studies multiple simultaneous R&D contests for complementary patents and how...
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the opportunity to engage in a sequence of battles in an attempt to win the war. Each battle is an all-pay auction in …
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