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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 …
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Investments in R&D and agricultural innovations have been fundamental to long-term economic growth worldwide. But global resource allocation has been uneven, with some developing countries closing in on developed-world scientific capacities, others regaining ground lost over the past decade or...
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