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 |
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Pages (from-to) | 241-244 |
Number of pages | 4 |
Journal | Economics Letters |
Volume | 114 |
Issue number | 3 |
DOIs | |
Publication status | Published - 2012 Mar 1 |
All Science Journal Classification (ASJC) codes
- Finance
- Economics and Econometrics