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 …

This chapter reviews the growing literature on the “market for technology,” a broad term that denotes trade in … technology disembodied from physical goods. The market for technology flourished during the nineteenth century in the United … States. After several decades of relative decline, the market for technology has once again grown considerably in recent …

We estimate the effects of technology investments on the demand for skilled workers using longitudinally integrated … unobservable components within each business for each year from 1992 to 1997. We measure technology using variables from the Annual … between advanced technology and skill in a cross-sectional analysis of businesses in both sectors. The more comprehensive …

This paper examines the relationship between foreign and domestic investment activity of multinational enterprises. The … investment in fixed assets. The empirical approach, which rests upon extensive and intensive margin variation, is shown to … produce very robust results. These suggest a positive relationship between foreign and home investment in real capital. This …

investment determines the production costs of the downstream sector and has spillovers on the production and the investment costs …

the effects of an agreement where the more advanced firm shares its technology with the inferior one. We show that the … ; technology …

technology competition increases which is in line with the argument that licensing can mitigate hold-up problems in technology … markets. -- Licensing ; blocking patents ; discrete and complex technologies ; technology competition …