RT Journal Article
T1 Licensing the market for technology
A1 Arora, Ashish
A1 Fosfuri, Andrea
AB In technology-based industries, incumbent firm often license their technology to potential competitors.Such a strategy is difficul to explain within traditional models of licensing. This paperextends the literature on licensing by relaxing the assumption of a monopolist technology holder.Competition in the market for technology induces licensing of innovations and incumbent firmmay fin it privately profitabl to license although their joint profit may well be higher in theabsence of any licensing. A strong testable implication of our model is that the number of licensesper patent holder decreases with the degree of product differentiation.
PB Elsevier
SN 0167-2681
YR 2003
FD 2003-10
LK https://hdl.handle.net/10016/13388
UL https://hdl.handle.net/10016/13388
LA eng
NO Financial support from the European Commission throughthe TSER program, contract SOE1-CT97-1059, and the Spanish Ministry of Science andTechnology, grant SEC2000-0395
DS e-Archivo
RD 1 sept. 2024