during the development phase. This paper examines the hypothesis that licensing strategies that directly engage the inventor …

property. It is organized around the two principal objectives of intellectual property law: promoting innovation and aesthetic … creativity (focusing on patent, trade secret, and copyright protection) and protecting integrity of the commercial marketplace … protection and other means of addressing the economic problem (such as public funding and prizes in the case of patent and …

In the pharmaceutical industry, firms frequently engage in licensing agreements to overcome innovation challenges and … keep up with the pace of developing new drugs. Licensing helps firms jointly develop new drugs and acquire external … knowledge, which helps improve their internal drug development capability. Our study examines the dynamic effects of licensing …

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 royalty contracts, fixed-fee licensing, pure royalty licensing, and two …

Licensing in a patent thicket allows firms to either avoid or resolve hold-up. Firms' R&D incentives depend on whether … they license ex ante or ex post. We develop a model of a patent portfolio race, which allows for endogenous R&D efforts, to … study firms' choice between ex ante and ex post licensing. The model shows that firms' relationships in product markets and …