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Fragmented property rights and R&D competition
Clark, Derek J.; Konrad, Kai A. - 2006
simultaneous R&D contests for complementary patents and how they interact with patent portfolios that firms may have acquired …Where product innovation requires several complementary patents, fragmented property rights can be a factor that limits … already. We also consider how this interaction and the intensity of the contests depends on the type of patent trade regimes …
Persistent link: https://www.econbiz.de/10010365878
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Auctioning process innovations when losers' bids determine royalty rates
Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2010
We consider a licensing mechanism for process innovations that combines a license auction with royalty contracts to …
Persistent link: https://www.econbiz.de/10003935644
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Licensing a common value innovation when signaling strength may backfire
Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2010
This paper reconsiders the licensing of a common value innovation to a downstream duopoly, assuming a dual licensing …
Persistent link: https://www.econbiz.de/10003935649
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Innovation incentives in technical standards
Llanes, Gastón - In: International journal of industrial organization 93 (2024), pp. 1-21
Persistent link: https://www.econbiz.de/10014549736
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Licensing innovations : the case of the inside patent holder
Fan, Cuihong; Chŏn, Pyŏng-hŏn; Wolfstetter, Elmar - 2015
The present paper reconsiders the inside innovators’ licensing problem under incomplete information. Employing an …
Persistent link: https://www.econbiz.de/10011285324
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Depreciating Licenses
Weyl, E. Glen - 2020
Many governments assign use licenses for natural resources, such as radio spectrum, fishing rights, and mineral extraction rights, through auctions or other market-like mechanisms. License design affects resource users' investment incentives, as well as the efficiency of asset allocation. No...
Persistent link: https://www.econbiz.de/10012822523
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Optimal Licensing of Technology in the Face of (Asymmetric) Competition
Fan, Cuihong - 2018
We reconsider the optimal licensing of technology by an incumbent firm in the presence of multiple potential licensees …
Persistent link: https://www.econbiz.de/10012932334
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Redesigning spectrum licenses to encourage innovation and investment
Milgrom, Paul; Weyl, E. Glen; Zhang, Anthony Lee - 2017
Commercial radio spectrum use rights in the US are traditionally assigned using licenses over large geographic areas with 10- or 15-year terms, to encourage infrastructure investment. However, such long-term licenses are difficult to reassign as more valuable uses for spectrum arise. Licenses...
Persistent link: https://www.econbiz.de/10011872982
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The doping threshold in sport contests
Müller, Daniel - 2013
We analyze the doping behavior of heterogeneous athletes in an environment of private information. In a n-player strategic game, modeled as an all-pay auction, each athlete has private information about his actual physical ability and choses the amount of performance-enhancing drugs. The use of...
Persistent link: https://www.econbiz.de/10009772194
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Overconfidence can improve an agent's relative and absolute performance in contests
Ludwig, Sandra; Wichardt, Philipp C.; Wickhorst, Hanke - 2010
This paper suggests a potential rationale for the recent empirical finding that overconfident agents tend to self-select into more competitive environments (e.g. Dohmen and Falk, forthcoming). In particular, it shows that moderate overconfidence in a contest can improve the agent's performance...
Persistent link: https://www.econbiz.de/10008757370