Kulatilaka, Nalin; Lin, Lihui - In: Management Science 52 (2006) 12, pp. 1824-1837
Technology innovations continue to be one of the greatest drivers of economic growth. Realizing the value of such … innovations, however, requires substantial follow-on investments in development and commercialization. The value of these … obtaining outside financing for these investments. In this paper, we explore how licensing contracts can both dissuade other …