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Imitation, patent protection, and welfare

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  • Arijit Mukherjee
  • Enrico Pennings

Abstract

Newly developed technologies run the risk of being imitated when patents are long and imitation cost is low. This paper shows that the innovator has the incentive to postpone technology adoption when imitation is a credible threat but imitation cost is not below a certain threshold. The possibility of licensing eliminates or at least reduces the incentive for delayed technology adoption. Further, this paper explains the advantages of a forward licensing contract versus a simple licensing contract in terms of profits and social welfare. Copyright 2004, Oxford University Press.

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Bibliographic Info

Article provided by Oxford University Press in its journal Oxford Economic Papers.

Volume (Year): 56 (2004)
Issue (Month): 4 (October)
Pages: 715-733

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Handle: RePEc:oup:oxecpp:v:56:y:2004:i:4:p:715-733

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References

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  1. Hagedoorn,John & Duysters,Geert, 2000. "The Effect of Mergers and Acquisitions on the Technological Performance of Companies in a High-tech Environment," Research Memorandum, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT) 010, Maastricht University, Maastricht Economic Research Institute on Innovation and Technology (MERIT).
  2. Cani�ls, M.C.J. & Verspagen, B., 1999. "The effects of economic integration on regional growth, an evolutionary model," Eindhoven Center for Innovation Studies (ECIS) working paper series, Eindhoven Center for Innovation Studies (ECIS) 99.13, Eindhoven Center for Innovation Studies (ECIS).
  3. Cani�ls; M.C.J. & Verspagen; B., 1999. "Spatial distance in a technology gap model," Eindhoven Center for Innovation Studies (ECIS) working paper series, Eindhoven Center for Innovation Studies (ECIS) 99.10, Eindhoven Center for Innovation Studies (ECIS).
  4. Mukherjee, Arijit & Balasubramanian, N., 2001. "Technology transfer in a horizontally differentiated product market," Research in Economics, Elsevier, Elsevier, vol. 55(3), pages 257-274, September.
  5. Fagerberg, Jan & Verspagen, Bart, 1998. "Productivity, R&D Spillovers and Trade," Eindhoven Center for Innovation Studies (ECIS) working paper series, Eindhoven Center for Innovation Studies (ECIS) 98.2, Eindhoven Center for Innovation Studies (ECIS).
  6. Bongenaar, B. & Szirmai, A., 1999. "The Role of a Research and Development Institute in the Development and Diffusion of Technology," Eindhoven Center for Innovation Studies (ECIS) working paper series, Eindhoven Center for Innovation Studies (ECIS) 99.9, Eindhoven Center for Innovation Studies (ECIS).
  7. Lint, O. & Pennings, E., 2000. "The recently chosen digital video standard: playing the game within the game," Eindhoven Center for Innovation Studies (ECIS) working paper series, Eindhoven Center for Innovation Studies (ECIS) 00.02, Eindhoven Center for Innovation Studies (ECIS).
  8. Lint, O. & Pennings, E., 2000. "The recently chosen digital video standard: playing the game within the game," Working Papers, Eindhoven Center for Innovation Studies 00.02, Eindhoven Center for Innovation Studies.
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Cited by:
  1. Arijit Mukherjee & Prabal Roy chowdhury, 2013. "Innovation and social desirability of merger," Economics Bulletin, AccessEcon, vol. 33(1), pages 348-360.
  2. Arijit Mukherjee, 2013. "Patent pool under endogenous technology choice," Discussion Paper Series, Department of Economics, Loughborough University 2013_07, Department of Economics, Loughborough University, revised Jul 2013.
  3. Mukherjee, Arijit & Pennings, Enrico, 2011. "Unionization structure, licensing and innovation," International Journal of Industrial Organization, Elsevier, Elsevier, vol. 29(2), pages 232-241, March.
  4. Debasmita Basak & Arijit Mukherjee, . "Unionisation structure and product innovation," Discussion Papers, University of Nottingham, School of Economics 11/12, University of Nottingham, School of Economics.
  5. Bagchi, Aniruddha & Roy, Abhra, 2011. "Endogenous R&D and Intellectual Property Laws in Developed and Emerging Economies," MPRA Paper 31822, University Library of Munich, Germany.
  6. Yoon, Young-Ro, 2009. "Endogenous timing of actions under conflict between two types of second mover advantage," International Journal of Industrial Organization, Elsevier, Elsevier, vol. 27(6), pages 728-738, November.
  7. Arijit Mukherjee, 2013. "Patent protection under endogenous product differentiation," Discussion Paper Series, Department of Economics, Loughborough University 2013_06, Department of Economics, Loughborough University, revised Jul 2013.

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