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Inventions under siege? The impact of technology competition on licensing

  • Grimpe, Christoph
  • Hussinger, Katrin

In recent years, firms have increasingly contributed to and been confronted with a patent landscape characterized by numerous but marginal inventions, overlapping claims and patent fences. Literature suggests that both the fragmentation of ownership and the threat of a firm's patent applications being blocked by competitors' patents lead to increased patenting and inlicensing activity. In this paper, we investigate the effect of expected blocking on firms' engagement in in- and out-licensing. Based on a sample of more than 400 German manufacturing firms our results show that firms engage in in- and out-licensing if technology competition increases which is in line with the argument that licensing can mitigate hold-up problems in technology markets.

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Paper provided by ZEW - Zentrum für Europäische Wirtschaftsforschung / Center for European Economic Research in its series ZEW Discussion Papers with number 09-039.

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Date of creation: 2009
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Handle: RePEc:zbw:zewdip:09039
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