Bargaining in Technology Markets: An empirical study of biotechnology alliances
AbstractWe empirically examine the distribution of bargaining power between buyers and sellers on the biotechnology markets by estimating the extracted surplus in alliance agreements, which depends on each party's bargaining power. The results show that buyers have extracted more surplus than sellers. However, these also reveal that the surplus extracted by buyers has been decreasing while that of the sellers has been increasing. We construe that the prices of biotechnologies have been lower than their market value because of the strong bargaining position of buyers, but that sellers' negotiating power may been improving.
Download InfoIf you experience problems downloading a file, check if you have the proper application to view it first. In case of further problems read the IDEAS help page. Note that these files are not on the IDEAS site. Please be patient as the files may be large.
Bibliographic InfoPaper provided by Research Institute of Economy, Trade and Industry (RIETI) in its series Discussion papers with number 10020.
Length: 30 pages
Date of creation: Apr 2010
Date of revision:
Contact details of provider:
Postal: 11th floor, Annex, Ministry of Economy, Trade and Industry (METI) 1-3-1, Kasumigaseki Chiyoda-ku, Tokyo, 100-8901
Web page: http://www.rieti.go.jp/
More information through EDIRC
This paper has been announced in the following NEP Reports:
You can help add them by filling out this form.
CitEc Project, subscribe to its RSS feed for this item.
- Timothy Swanson & Mare Sarr, 2012.
"Intellectual Property and Biodiversity: When and Where are Property Rights important?,"
CIES Research Paper series
10-2012, Centre for International Environmental Studies, The Graduate Institute.
- Mare Sarr & Tim Swanson, 2011. "Intellectual Property and Biodiversity: When and Where are Property Rights Important?," Working Papers 2011.79, Fondazione Eni Enrico Mattei.
For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (NUKATANI Sorahiko).
If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.
If references are entirely missing, you can add them using this form.
If the full references list an item that is present in RePEc, but the system did not link to it, you can help with this form.
If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your profile, as there may be some citations waiting for confirmation.
Please note that corrections may take a couple of weeks to filter through the various RePEc services.