منابع مشابه
Jostling for Advantage: Licensing and Entry into Patent Portfolio Races
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 technology space jointly deter...
متن کاملPatent portfolio races in concentrated markets for technology September 2010
Patent application numbers grow exponentially in many industries, a phenomenon that has been linked to high fragmentation of patent ownership. Contradicting these findings and theoretical arguments, we show that such fragmentation is not a precondition for sudden and strong increases in patenting. We describe and analyze a patent portfolio race in an industry with highly concentrated patent own...
متن کاملOptimal Rules for Patent Races
There are two important rules in a patent race: what an innovator must accomplish to receive the patent and the allocation of the benefits that flow from the innovation. Most patent races end before R&D is completed and the prize to the innovator is often less than the social benefit of the innovation. We study the optimal combination of prize and minimal accomplishment necessary to obtain a pa...
متن کاملStrategic Debt and Patent Races*
Most traditional studies of R&D do not consider that the use of leverage to finance R&D may affect total R&D expenditures in a patent race. We show that debt acts as a commitment to a smaller amount of total R&D spending (debt+equity) than would occur if firms were entirely equity financed. A commitment to lower R&D expenditure can be strategically beneficial; under a flow-cost model, debt indu...
متن کاملPatent Races, Product Standards, and International Competition
We examine anticipatory prcxiuct standards intended to improve the strategic position of fInns in an international patent race where fInns do R&D to develop products that are close substitutes. The effects of a standard are shown to depend on the way the standard is specified, which ftnn develops which product, and on the order in which products are discovered. Simple standards are, in general,...
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ژورنال
عنوان ژورنال: Long Range Planning
سال: 2017
ISSN: 0024-6301
DOI: 10.1016/j.lrp.2016.03.003