Licensing radical product innovations to speed up the diffusion

Licensing radical product innovations to speed up the diffusion

Inventors can commercialize innovative products by themselves and simultaneously license the technology to other firms. The licensee may cannibalize sales of the licensor, but this can be compensated by gains from royalties. We show in this paper how licenses can be used strategically to speed up the new product diffusion process in two instances of markets: (i) a market with strong Intellectua...

Strategic Licensing of Product Innovations

Obtaining a patent provides the patentee with the ability to offer a potential entrant a license to operate within the patent that has been claimed. This paper shows that the patentee always has an incentive to provide a license if the patentee is unable to use patent breadth to deter entry (if the patentee can deter entry, it is optimal for the patentee to do so). Licensing a new product to a ...

Partial Licensing of Product Innovations ∗

We study the incentives of a product innovator to license its product “partially” to a potential entrant. In a duopolistic setting we consider product design of a modular nature, which enables the incumbent to license some modules of its innovation. Competition is characterized by the size of the shared component of the product which determines the degree of product differentiation. Therefore, ...

National Institutes of Health seek to speed up therapeutic innovations.

Using Reconfigurable Hardware to Speed up Product Development and Performance

HARP1 is a circuit board designed to exploit the rigorous compilation of parallel algorithms directly into hardware. It includes a transputer closely coupled to a Field–Programmable Gate Array (FPGA). The whole system may be regarded as an instance of a process in the sense of the theory of Communicating Sequential Processes (CSP). And the major elements are also naturally viewed in the same wa...