In the pharmaceutical industry, firms frequently engage in licensing agreements to overcome innovation challenges and … keep up with the pace of developing new drugs. Licensing helps firms jointly develop new drugs and acquire external … knowledge, which helps improve their internal drug development capability. Our study examines the dynamic effects of 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 …

uncertainty, firms frequently engage in R&D collaborations, e.g., Research Joint Ventures (RJVs), and licensing agreements. While … RJVs are well explored in the literature, very little is known about the use of licensing agreements. Building on a novel … database which includes licensing agreements in the semiconductor industry between 1989 and 1999, we estimate a bivariate …

uncertainty, firms frequently engage in R&D collaborations, e.g., Research Joint Ventures (RJVs), and licensing agreements. While … RJVs are well explored in the literature, very little is known about the use of licensing agreements. Building on a novel … database which includes licensing agreements in the semiconductor industry between 1989 and 1999, we estimate a bivariate …

uncertainty, firms frequently engage in R&D collaborations, e.g., Research Joint Ventures (RJVs), and licensing agreements. While … RJVs are well explored in the literature, very little is known about the use of licensing agreements. Building on a novel … database which includes licensing agreements in the semiconductor industry between 1989 and 1999, we estimate a bivariate …

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 …

This paper is a study of licensing in a patent thicket. In a patent thicket licensing allows firms to avoid hold-up. It …. Building on a model of a patent portfolio race, firms' choice between these types of licensing contracts is modelled. We find … that firms' relationships in product markets and technology space jointly determine the type of licensing contract chosen …

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 …

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 …