On the Licensing of Innovations under Strategic Delegation
This paper uses a three-stage licensing-delegation-quantity game to study the licensing of a cost-reducing innovation by a patent-holding firm to its competitor. It is shown that licensing is less likely to occur under strategic delegation compared to no delegation.
|Date of creation:||23 Dec 2004|
|Date of revision:||23 Dec 2004|
|Publication status:||Published in Economics Bulletin 2004|
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