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Licensing in the presence of competing technologies

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dc.affiliation.dptoUC3M. Departamento de Economía de la Empresaes
dc.contributor.authorArora, Ashish
dc.contributor.authorFosfuri, Andrea
dc.contributor.editorUniversidad Carlos III de Madrid. Departamento de Economía de la Empresa
dc.date.accessioned2010-01-20T09:13:01Z
dc.date.available2010-01-20T09:13:01Z
dc.date.issued1998-10
dc.description.abstractIn technology-based industries, many incumbent fIrms license their technology to other fIrms that will potentially compete with them. Such a strategy is diffIcult to explain within traditional models of licensing. This paper extends the literature on licensing by relaxing the widespread assumption of a "unique" technology holder. We develop a model with many technological trajectories for the production of a differentiated good. We fmd that competition in the market for technology induces licensing of innovations, and that the number of licenses can be ineffIciently large. A strong testable implication of our theory is that the number of licenses per patent holder decreases with the degree of product differentiation.
dc.format.mimetypeapplication/pdf
dc.identifier.urihttps://hdl.handle.net/10016/6532
dc.language.isoeng
dc.relation.ispartofseriesUC3M Working papers. Business Economics
dc.relation.ispartofseries97-72-14
dc.rightsAtribución-NoComercial-SinDerivadas 3.0 España
dc.rights.accessRightsopen access
dc.rights.urihttp://creativecommons.org/licenses/by-nc-nd/3.0/es/
dc.subject.ecienciaEmpresa
dc.subject.otherTechnology licensing
dc.subject.otherMarket structure
dc.subject.otherMarket for technology
dc.titleLicensing in the presence of competing technologies
dc.typeworking paper*
dspace.entity.typePublication
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