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This paper revisits the licensing of a non-drastic process innovation by an outside innovator to a Cournot oligopoly. We propose a new mechanism that combines a restrictive license auction with royalty licensing. This mechanism is more profitable than standard license auctions, auctioning...
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simultaneous R&D contests for complementary patents and how they interact with patent portfolios that firms may have acquired … already. We also consider how this interaction and the intensity of the contests depends on the type of patent trade regimes … multiple patent product involves an important hold-up problem that considerably reduces the overall contest effort. …
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