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Cooperation in R&D: patenting, licensing and contracting

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  • BHATTACHARYA, Sudipto
  • D’ASPREMONT, Claude

    ()
    (Université catholique de Louvain, CORE, Belgium)

  • GURIEV, Sergei

    ()
    (New Economic School, Moscow)

  • SEN, Debapriya

    ()
    (Ryerson University, Department of Economics, Canada)

Abstract

In this paper we review some of the literature on R&D collective arrangements using game theoretical concepts and considering various settings, involving either complete or incomplete contracts. Patent protection, licensing in various industry contexts as well as the role of various factors such as product differentiation, innovation magnitude and asymmetric information are considered. The relation of innovative activity to the intensity of competition is reconsidered and the benefit of various types of cooperative R&D-agreements in presence of externalities are reviewed. The last two sections are devoted to contracting issues.

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Bibliographic Info

Paper provided by Université catholique de Louvain, Center for Operations Research and Econometrics (CORE) in its series CORE Discussion Papers with number 2012055.

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Date of creation: 21 Dec 2012
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Handle: RePEc:cor:louvco:2012055

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Keywords: cost-reducing innovations; cooperative R&D-agreements; development efforts; incomplete contracting;

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References

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