de Bettignies, Jean-Etienne; Gainullin, Bulat; Liu, Hua Fang - 2021
We examine the impact of product market competition on innovation in markets for technology. An innovator makes an … investment in quality-improving innovation that can be licensed to one (targeted licensing) or all (market-wide licensing … innovation in the market for technology: at low levels of competition, market-wide licensing is optimal and competition reduces …