Selling patent rights and the incentive to innovate

Yair Tauman; Ming Hung Weng

doi:10.1016/j.econlet.2011.10.023

Selling patent rights and the incentive to innovate

Yair Tauman, Ming Hung Weng

Department of Economics

Research output: Contribution to journal › Article › peer-review

16 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 language	English
Pages (from-to)	241-244
Number of pages	4
Journal	Economics Letters
Volume	114
Issue number	3
DOIs	https://doi.org/10.1016/j.econlet.2011.10.023
Publication status	Published - 2012 Mar

All Science Journal Classification (ASJC) codes

Finance
Economics and Econometrics

Access to Document

10.1016/j.econlet.2011.10.023

Cite this

@article{235da1d01fb94efe81eb51d270e4183a,

title = "Selling patent rights and the incentive to innovate",

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.",

author = "Yair Tauman and Weng, {Ming Hung}",

year = "2012",

month = mar,

doi = "10.1016/j.econlet.2011.10.023",

language = "English",

volume = "114",

pages = "241--244",

journal = "Economics Letters",

issn = "0165-1765",

publisher = "Elsevier BV",

number = "3",

}

TY - JOUR

T1 - Selling patent rights and the incentive to innovate

AU - Tauman, Yair

AU - Weng, Ming Hung

PY - 2012/3

Y1 - 2012/3

N2 - 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.

AB - 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.

UR - http://www.scopus.com/inward/record.url?scp=82655162611&partnerID=8YFLogxK

UR - http://www.scopus.com/inward/citedby.url?scp=82655162611&partnerID=8YFLogxK

U2 - 10.1016/j.econlet.2011.10.023

DO - 10.1016/j.econlet.2011.10.023

M3 - Article

AN - SCOPUS:82655162611

SN - 0165-1765

VL - 114

SP - 241

EP - 244

JO - Economics Letters

JF - Economics Letters

IS - 3

ER -

Selling patent rights and the incentive to innovate

Abstract

All Science Journal Classification (ASJC) codes

Access to Document

Other files and links

Fingerprint

Cite this