Norbäck, Pehr-Johan; Persson, Lars; Svensson, Roger - 2017
sell post-entry use entry to credibly reveal information on quality. Incumbents are then willing to pay high prices for … high-quality inventions to preempt rivals from obtaining them. Using Swedish data on patents granted to small firms and … individuals, we find evidence that high-quality inventions are sold under preemptive bidding competition, post entry. …