Selling patent rights and the incentive to innovate

Yair Tauman, Ming Hung Weng

Research output: Contribution to journalArticlepeer-review

10 Citations (Scopus)

Abstract

We show that an outside innovator has a higher incentive to innovate than an incumbent innovator, by auctioning off his patent rights exclusively to an incumbent firm. For significant innovations this is also superior to selling licenses directly.

Original languageEnglish
Pages (from-to)241-244
Number of pages4
JournalEconomics Letters
Volume114
Issue number3
DOIs
Publication statusPublished - 2012 Mar 1

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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