We develop a theory of innovation for entry and sale into oligopoly, and show that an invention of higher quality is …

under bidding competition. -- Acquisitions ; Entrepreneurship ; Innovation ; Start-ups ; Patent ; Ownership ; Quality …

role of the effect of pooling on downstream innovation. The focus of this paper is on downstream product development and … tacit knowledge and incomplete patents. -- Patent Pools ; Research and Development ; Innovation ; Tacit Knowledge …

We study an infinite-horizon cumulative innovation model, in which patents are characterized bytheir length and the … length has two opposing effects on innovation: 1) anegative litigation effect due to increasing the litigation threat for … innovationcapacity. The optimal innovation-maximizing patent policy balances these two opposing effects. Formoderate patent validity …

We develop a theory of innovation for entry and sale into oligopoly, and show that inventions of higher quality are …

In this article we examine the interaction between firms' product and process innovation decisions and the role patent … policy can play in directing technological change toward a socially efficient mix of innovations. Product innovation is a … variant on a pioneer's new product; process innovation improves upon the cost efficiency of production. In a model with …

innovation. Competition is characterized by the size of the shared component of the product which determines the degree of …

An extensive literature has investigated the effect of market structure on innovation. A persistent concern is that … market structure may be endogenous to innovation. Firms may choose to merge so as to capture information spillovers or they … may choose to merge so as to dampen competition in innovation. These two scenarios have very different welfare …