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Bargaining and Sharing Innovative Knowledge

Author

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  • Claude d'Aspremont
  • Sudipto Bhattacharya
  • Louis-Andre Gerard-Varet

Abstract

We consider the problem of bargaining over the disclosure of interim research knowledge between two participants in an R&D race for an ultimate, patentable invention. Licence fee schedules that are functions of the "amount of knowledge disclosed" by the leading to the lagging agent, are examined for their abilities to attain efficient outcomes and varying shares of the surplus arising from disclosure. In her sequential-offers bargaining games, the uninformed buyer is able to elicit full disclosures without sharing the incremental surplus with any type of the licensor, and thus do as well as a perfectly informed and discriminating knowledge licensee.

Suggested Citation

  • Claude d'Aspremont & Sudipto Bhattacharya & Louis-Andre Gerard-Varet, 2000. "Bargaining and Sharing Innovative Knowledge," Review of Economic Studies, Oxford University Press, vol. 67(2), pages 255-271.
  • Handle: RePEc:oup:restud:v:67:y:2000:i:2:p:255-271.
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    File URL: http://hdl.handle.net/10.1111/1467-937X.00130
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    Cited by:

    1. Chiara Conti & Marco A. Marini, 2017. "Are You the Right Partner ? R&D Agreement as a Screening Device," DIAG Technical Reports 2017-09, Department of Computer, Control and Management Engineering, Universita' degli Studi di Roma "La Sapienza".
    2. Schmitz, Patrick W., 2007. "Optimal selling strategies when buyers may have hard information," European Economic Review, Elsevier, vol. 51(4), pages 859-870, May.
    3. Ponce, Carlos J., 2011. "Knowledge disclosure as intellectual property rights protection," Journal of Economic Behavior & Organization, Elsevier, vol. 80(3), pages 418-434.
    4. Paolo Giorgio GARELLA & Emanuele BACCHIEGA, 2007. "Disclosing vs. withholding technology knowledge in a duopoly," Departmental Working Papers 2007-01, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    5. Sudipto Bhattacharya & Sergei Guriev, 2006. "Patents vs. Trade Secrets: Knowledge Licensing and Spillover," Journal of the European Economic Association, MIT Press, vol. 4(6), pages 1112-1147, December.
    6. Mathis, Jérôme, 2008. "Full revelation of information in Sender-Receiver games of persuasion," Journal of Economic Theory, Elsevier, vol. 143(1), pages 571-584, November.
    7. Forges, Francoise & Koessler, Frederic, 2005. "Communication equilibria with partially verifiable types," Journal of Mathematical Economics, Elsevier, vol. 41(7), pages 793-811, November.
    8. Scott Baker & Pak Yee Lee & Claudio Mezzetti, 2011. "Intellectual property disclosure as threat," International Journal of Economic Theory, The International Society for Economic Theory, vol. 7(1), pages 21-38, March.
    9. Nisvan Erkal & Deborah Minehart, 2007. "Optimal Sharing Strategies in Dynamic Games of Research and Development," EAG Discussions Papers 200707, Department of Justice, Antitrust Division.
    10. Damiano Silipo, 2005. "The Evolution of Cooperation in Patent Races:Theory and Experimental Evidence," Journal of Economics, Springer, vol. 85(1), pages 1-38, July.
    11. Chiara CONTI, 2013. "Asymmetric information in a duopoly with spillovers: new findings on the effects of RJVs," Departmental Working Papers 2013-04, Department of Economics, Management and Quantitative Methods at Università degli Studi di Milano.
    12. Amir, Rabah & Evstigneev, Igor & Wooders, John, 2003. "Noncooperative versus cooperative R&D with endogenous spillover rates," Games and Economic Behavior, Elsevier, vol. 42(2), pages 183-207, February.
    13. Trommetter, M. & Tropéano, J.P., 2009. "Do broad patents deter research cooperation ?," Working Papers 200904, Grenoble Applied Economics Laboratory (GAEL).
    14. Andrzej Kwiatkowski, 2010. "Non-cooperative incentives to share knowledge in competitive environments," Dundee Discussion Papers in Economics 243, Economic Studies, University of Dundee.
    15. Emanuele Bacchiega & Paolo Garella, 2006. "Disclosing vs. Withholding Technology Knowledge in a Duopoly," Working Papers 0609, University of Crete, Department of Economics.
    16. Bhattacharya, Sudipto & Guriev, Sergei, 2004. "Knowledge Disclosure, Patents and Optimal Organization of Research and Development," CEPR Discussion Papers 4513, C.E.P.R. Discussion Papers.
    17. Cary Deck & Erik O. Kimbrough, 2016. "Experimenting with Contests for Experimentation," Discussion Papers dp16-08, Department of Economics, Simon Fraser University.
    18. Miller, David A., 2008. "Invention under uncertainty and the threat of ex post entry," European Economic Review, Elsevier, vol. 52(3), pages 387-412, April.
    19. Gabriella Chiesa, 2005. "Information Sharing And Optimum Financing Mode," Manchester School, University of Manchester, vol. 73(1), pages 50-74, January.
    20. Nisvan Erkal & Deborah Minehart, 2013. "Optimal Sharing Strategies in Dynamic," Department of Economics - Working Papers Series 1174, The University of Melbourne.
    21. Kaustav Das, 2013. "Strategic Experimentation with Heterogeneous Agents and Payoff Externalities," Discussion Papers 1315, University of Exeter, Department of Economics.
    22. Glode, Vincent & Green, Richard C., 2011. "Information spillovers and performance persistence for hedge funds," Journal of Financial Economics, Elsevier, vol. 101(1), pages 1-17, July.

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